Abstract
This research paper investigates the critical relationship between the perceived importance of succession planning practices and organizational performance within manufacturing companies. The study employs a combination of one-sample t-tests and correlation analysis to unveil significant insights. The outcome of the analysis suggests a positive attitude and a strong belief in the value of these practices. Concurrently, the correlation analysis demonstrates strong and positive correlations between the perceived importance of succession planning and factors associated with organizational performance. These factors include alignment with strategic goals, effective leadership preparation, diversity promotion, adaptability to change, cultural preservation, values and culture upkeep, longterm sustainability, stakeholder confidence, meeting stakeholder needs, and enhanced overall organizational performance. The results highlight that when succession planning is highly valued, it is closely linked to positive outcomes for organizations. These findings offer valuable insights for businesses aiming to enhance their performance and readiness for the future. However, it is essential to recognize that the study focuses on perceptions, and future research may explore causality and objective performance measures to strengthen the understanding of the succession planningperformance relationship.
Keywords: Succession planning, Organizational performance, Manufacturing companies, Importance perception, Leadership continuity, Skills development, Diversity and inclusion, Strategic alignment
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