An important feature of business organization is that it has perpetual existence, i.e. continuous to function and operate for longer duration. However, top management including managers, executives leaves the firm due to various reasons like death, age of retirement, better opportunities, etc. Succession planning is a process which involves identifying the appropriate employee or person who shall be probable successor to key or senior level position in an enterprise whenever such post shall be vacant. Succession planning simply means process of passing or transferring the control, i.e....