What term is used to describe the process of preparing future leaders within an organization?

The term used to describe the process of preparing future leaders within an organization is succession planning. This strategic approach involves identifying and developing internal personnel to fill key leadership positions as they become available, ensuring a smooth transition and continuity in leadership.

Succession planning is crucial for organizational sustainability because it helps to cultivate a pipeline of qualified candidates who are ready to step into roles that require specific skills and company knowledge. This process typically involves assessing current employee strengths, providing training and development opportunities, and creating a clear pathway for career progression within the organization.

While mentoring involves a more personal relationship focused on guidance and support for an individual’s professional growth, and coaching is often oriented around skill development and performance improvement in specific tasks, neither encompasses the broader organizational strategy of preparing multiple potential leaders for future roles. Sharing refers generally to distributing information or knowledge rather than specifically preparing individuals for leadership positions.