I appreciate the appointment of the first homegrown CEO of Grameenphone.

The reasons are

explained below :

The CEO was an internal candidate and he has better knowledge regarding the company, the
employees, operations, processes, etc. Internally developed leaders preserve corporate culture. So,
it can be assumed that the CEO would be able to perform his job without taking a long time for
knowing the organization. Besides, recruitment and selection costs are lower. After seeing this, the
other employees will be motivated and loyal to their work for better results in the future and this
would put a great impact on succession management.

Succession planning is one of the most important strategic plans of any organization.Succession
management is needed even when there is no vacant positions to fill up. To face any sort of
uncertainties, such as ; sudden death of the CEO, early retirement, etc.s succession management is a
must. But it has some risks as well.Discussion is given below:

Through succession management , managers look for the future candidates for a particular
position . If the managers choose the wrong employees for their succession planning , the efforts
might go in vain.

Potential employees might leave the job and thus the company will loose a successor.

Maintaining effective training and development facilities for the potential employees will be a big
challne

Succession planning is one of the most important strategic plans of any organization. Succession
management is needed even when there are no vacant positions to fill up. To face any sort of
uncertainties, such as; the sudden death of a CEO, early retirement succession management is a
must. But it has some risks as well. Discussion is given below:

For succession planning managers choose the potential employees. So, if they choose the wrong one
and expect from that person, the efforts might go in vain.

Employees who have potential might leave the job. If any such case occurs, the company will not be
able to maintain a talent pool.

Internal clashes might take place.

providing efficient training and development program is the biggest challenge.

From the given discussion above it can be said that Succession planning is probably the most
important human resource risk

Yes, Jennifer is right about the need to evaluate the workers formally. The reason is explained
below:
Any company is run by the employees, their hard work and dedication. When the employees are
performing well, the firm can improve and get better results. So, for the betterment of the
organization, evaluation is necessary.

Employees get to understand what's better for them, where they need to improve, how they should
proceed to improve and what's expected from them through evaluation. Formal evaluation helps
employee to enhance their efficiency.