Question : Case Study 4:
PQR Inc. is a global corporation with a diversified portfolio. The company is planning to expand its operations into new markets and needs a skilled workforce. Evaluate the following scenarios and choose the correct option: Question:
The HR department at PQR Inc. identifies high-potential employees for leadership roles in the new markets. What process does this exemplify?
Option 1: Performance appraisal
Option 2: Succession planning
Option 3: Recruitment
Option 4: Training and development
Correct Answer: Succession planning
Solution : The correct answer is (b) Succession planning
When the HR department at PQR Inc. identifies high-potential employees for leadership roles in the new markets, it exemplifies succession planning. Succession planning involves identifying and developing individuals within the organization who have the potential to take on key roles, often in the context of future leadership positions. This process helps ensure a smooth transition and continuity of leadership as the company expands into new markets.
PQR Inc. is a global corporation with a diversified portfolio. The company is planning to expand its operations into new markets and needs a skilled workforce. Evaluate the following scenarios and choose the correct option:
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