Quiz – Future Leaders Ready

Question 1 of 5

1. Question

How does the capsule define succession planning?

A proactive process to develop internal talent before a vacancy occurs

Correct Incorrect Correct answer

A reactive search for external candidates after someone leaves

Correct Incorrect Correct answer

An annual review of executive compensation packages

Correct Incorrect Correct answer

A one-time restructuring of the reporting hierarchy

Correct Incorrect Correct answer

Question 2 of 5

2. Question

Per Rothwell and the Corporate Leadership Council, companies without a succession strategy take how long to recover from leadership gaps?

Up to twice as long

Correct Incorrect Correct answer

About half as long

Correct Incorrect Correct answer

Exactly the same time as prepared firms

Correct Incorrect Correct answer

Up to five times as long

Correct Incorrect Correct answer

Question 3 of 5

3. Question

Which two axes make up the evaluation grid for identifying successors?

Performance and potential

Correct Incorrect Correct answer

Tenure and salary

Correct Incorrect Correct answer

Age and education level

Correct Incorrect Correct answer

Popularity and availability

Correct Incorrect Correct answer

Question 4 of 5

4. Question

Which three risks does neglecting succession planning create?

Operational disruption, talent disengagement, and loss of institutional knowledge

Correct Incorrect Correct answer

Higher taxes, legal exposure, and brand dilution

Correct Incorrect Correct answer

Slower hiring, weaker marketing, and rising rent

Correct Incorrect Correct answer

Reduced budgets, fewer meetings, and lower morale surveys

Correct Incorrect Correct answer

Question 5 of 5

5. Question

What development actions does the capsule recommend for a strong successor?

Assign stretch assignments, pair with a mentor, and review quarterly

Correct Incorrect Correct answer

Promote them immediately without any development plan

Correct Incorrect Correct answer

Keep them in their current role indefinitely

Correct Incorrect Correct answer

Limit their exposure to other departments

Correct Incorrect Correct answer