Which concept involves preparing individuals for future leadership roles within an organization?

Succession planning is the process used by organizations to prepare for future leadership needs by identifying and developing internal personnel who have the potential to fill key roles. This concept ensures that the organization is equipped with capable leaders when current leaders retire, leave, or are otherwise unavailable. It involves assessing the existing talent within the organization, providing development opportunities, and strategically planning for future leadership transitions. By implementing a succession planning strategy, organizations can maintain stability and continuity in leadership, thus facilitating smoother transitions and minimizing disruption.

In contrast, performance evaluation primarily focuses on assessing employees' current job performance rather than planning for future leaders. Capacity building usually refers to enhancing an organization's capabilities, which can include various aspects but is broader and not specifically about leadership roles. Workforce training is essential for skill development relevant to current positions but does not specifically target future leadership preparation.