Identifying the key factors in effective Succession Management and analyzing their impact rate at the Southern Khorasan Electric Energy Distribution Company (SKEDC)
Authors: Sayed Ali Akbar Ahmadi, Mohammad Ali Sarlak, Musa Mahdavi, Mohammad Reza Daraei, and Taghi Vahidi (Corresponding author)
Printed at: Interdisciplinary Journal of Research in Business, ISSN: 2046-7141, Vol. 2, Issue. 7, (pp.46- 61), 2012
Succession Management plays a vital role in the current competitive world. The life cycle of many companies and organizations is going to be in the last stage, and sooner or later, their activity will shrink and they will be removed from the world of competition. Among these organizations, those who focus on succession management and utilize their personnel’s talents have a good opportunity for survival. The above-mentioned issue will be a challenge for national and international organizations and all the corporations must follow the succession planning to attain competitive advantages. Electrical distribution companies are the most sensitive utilities that supply the required electric power for home customers, industries, agricultural affairs, public consumptions, etc.; and their survival together with their services, i.e. the continuation of efficient electric power, is a benefit for all people. The Southern Khorasan Electric Energy Distribution Company (SKEDC) is one out of 39 Iranian Electrical Distribution Companies affiliated to Tavanir Company that has a special perspective on the subject of Succession Management. After a 2012 study in the aforesaid company relating to the Talent Management and Social Capital, now it’s time for the SKEDC to focus on the key factors for having an effective Succession Management Process at managerial and other levels. This research has been prepared in July 2012 and the data gathered for statistical analysis have been exploited based upon the viewpoints of all managers containing 30 people in different organizational levels. The result of the study reveals that there is a very appropriate succession management system at the SKEDC and it’s a successful company among the identical companies.
Keywords: Succession Management, Talent Management, Succession Planning;