Knowledge Update

Succession Planning is a must in every organization.

Yet many corporations refuse to take it seriously.

A five step succession planning  process is outlined that can help organizations to have a smooth transition and remain successful in a long run.

The five steps are identify critical positions, identify competencies required, identify strategies to implement, document and prepare implementation plan, evaluate effectiveness of the process.

This model is published in  Khaleej Times Weekend Edition, July 16, 2016.

ISSUES AND CHALLENGES OF MNCs MANAGEMENT

​New Delhi, July 11 (IANS) India has the most transparent companies because of a strong regulation system firmly in place, a new report revealed on Monday, adding that China on the other hand has weak or non-existent anti-corruption policies and has the most opaque firms.

​Shanghai, July 10 (IANS) The G20 economies agreed to improve global trade governance to arrest the slowdown of global trade growth, said a statement released on Sunday after the two-day G20 Trade Ministers' Meeting in Shanghai.

​Beijing, July 9 (IANS) The World Trade Organisation has launched a new indicator designed to predict short-term trends in global trade ahead of a meeting of G20 trade ministers.

Milan, July 6 (IANS/AKI) Italian media mogul and former premier Silvio Berlusconi confirmed that he is selling AC Milan to Chinese investors in a deal he expects to inject 400 million euros into the Serie A team over two years.

London, July 5 (IANS) British business confidence has fallen sharply in the aftermath of the vote to leave the European Union (EU), a new research revealed.

The share of businesses that reported feeling pessimistic about the British economy doubled in the week after the Brexit vote on June 24, according to the YouGov and the

​London, July 4 (IANS) The British government is to consider slashing corporation tax to less than 15 per cent in an attempt to maintain business interest in the country, amid a turbulent economy in the wake of the "Brexit" -- Britain's vote to leave the European Union.

​New Delhi, July 3 (IANS) A two-day meeting of the BRICS Working Group on 'Energy Saving and Energy Efficiency' will be held on July 4-5 in Visakhapatnam, an official said here on Sunday.