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Succession Planning: Is Your Organization's Future at Risk? This paper discusses the key aspects of succession planning, including why it is essential to long-term success, the inherent value of adopting a proactive approach to talent management, and the major challenges comprehensive succession planning presents. It also explores the critical link between succession planning and management development. Ultimately, the best succession efforts will be of little value unless they also identify promising talent and establish methods to grow those individuals to support organization needs.