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hello and welcome to marketing91.com in this video we are going to cover the topic on succession planning before we proceed any further please do note that we publish three videos daily on youtube so please dont forget to subscribe to our channel now lets start with what is succession planning the process in which new leaders are recognized and trained to take place of all leaders in case of them quitting retiring or dying is called succession planning succession planning helps boost the availability of employees that are competent and skilled to take up the roles of their successors as in all leaders when the need arises the long-standing aims and objectives of a company have to be understood in succession planning the dictating trends and growth needs of employees also need to be identified moving on sources of succession planning succession can be either from outside or from inside of the company succession in a company can be either external or internal internal succession instal