A STUDY ON SUCCESSION PLANNING AND ITS

5232 WordsDec 1, 201421 Pages
-Journal of Arts, Science & Commerce ■ E-ISSN 2229-4686 ■ ISSN 2231-4172 “A STUDY ON SUCCESSION PLANNING AND ITS IMPACT ON ORGANIZATIONAL PERFORMANCE IN THE IT SECTOR” Neetha Mary Avanesh, Assistant Professor, Department of ManagementStudies, New Horizon College of Engineering, Marathahalli, India ABSTRACT The present study aimed at measuring the practice of Succession Planning and its impact on Organizational Performance in IT companies based in Bangalore. This study falls under descriptive study mainly aimed at fact finding. The method adopted to collect data is questionnaire method. The study found that the mean percentage of Succession Planning and Organizational Performance in IT consultancy firms is found to be higher than that of…show more content…
D. Shibulal, happened without a hitch, the issue of corporate governance isn’t addressed with the seriousness it deserves. While concerns about succession are as old as the human race, professional research on succession planning and management began in earnest in the 1950s (Zaich, 1986). The chief focus of that research was on CEO succession until the 1980’s (Kesner & Sebora, 1994). At that time, due to the growing interest in human resource planning, still a topic of interest today (Rothwell and Kazanas, 2003) – research began to take on a broader focus that encompassed more than CEO’s. The National Academy of Public Administration (NAPA) defines succession management as a deliberate and systematic effort to project leadership requirements, identify a pool of high potential candidates, develop leadership competencies in those candidates through intentional learning experiences, and select leaders from among the pool of potential leaders. NEED FOR THE STUDY: The robust growth of the Indian economy can be attributed to the meteoritic success of ' Indian IT Industry '. The Indian Software Industry has grown from a mere US $ 150 million in 1991-92 to US $ 5.7 billion in 19992000 to a staggering US $ 47.3 billion in 2008-2009. Poised to become a US$ 225 billion industry by 2020, the Indian information technology (IT) industry has played a key role in putting India on the global map. The sector is estimated to have grown by 19 per cent in 2011, clocking revenue of almost
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