AN EMPIRICAL ANALYSIS ON CORPORATE FIRMS’ READINESS TOWARDS SUCCESSION PLANNING AND MANAGEMENT
DOI:
https://doi.org/10.29121/shodhkosh.v7.i11s.2026.8266Keywords:
Succession Readiness, Succession Planning, Business Continuity, Leadership Pipeline, Corporate FirmsAbstract [English]
In the age of internet and advanced technologies like Artificial intelligence (AI) organizations are formed and closed on a rapid manner. Many successful businesses lost their image and name due to non-availability of a competent successor. In these situations, it is a very critical and relevant topic to research on issues and challenges related to succession planning within organizations. In start-ups segment also who will be steering the company after the founder is a big challenge and calls for proper succession planning. From the perspective of sustainability, where question of survival is paramount, organizations need to work on succession planning and business continuity to ensure next generation existence of their business ventures. In Indian context, this area is still on its nascent development stage as many Indian firms are facing a transition and challenges of balancing the generational leadership role requirements. In this empirical paper succession readiness of Indian corporate organizations has been analysed through descriptive analysis. It is intended to explore and assess different dimensions and approaches of succession planning in Indian context. Our investigation will be useful for corporate organizations in creating a leadership pipeline and those engaged in researches on succession planning and management. The study has offered a context based on realistic data analysis and proposes some prominent themes of succession management practices.
References
BRAND CONNECT. (2022, 09 27). Succession planning: Now more essential than ever before. Retrieved 11 09, 2022, from https://www.forbesindia.com: https://www.forbesindia.com/article/brand-connect/succession-planning-now-more-essential-than-ever-before/80101/1
Budhiraja, Sunil & Pathak, Ujjwal. (2018). Dynamics of succession planning for Indian family-owned businesses: learning from successful organizations. Human Resource Management International Digest. 26. 10.1108/HRMID-11-2017-0167.
DATAtab Team (2023). DATAtab: Online Statistics Calculator. DATAtab e.U. Graz, Austria. URL https://datatab.net
Dekom, H. B., Jingak, E. D., & Gontur, S. (2025). Succession Planning and Employee Retention of Public and Private Organizations in Plateau State Nigeria: Moderating Effect of Job Security. Advancement in Management and Technology (AMT), 5(3), 1-16.
DiPetrillo, S. (2022, February 1). Succession planning literatures scan. NJDOT Technology Transfer. https://www.njdottechtransfer.net/2022/02/01/succession-planning-literature-scan/
Dumont Z, MacKinnon NJ, Mueller W, Babcock K, Sobotka J. Leadership Succession Preparedness and Sense of Urgency in Canadian Hospital Pharmacy. Can J Hosp Pharm. 2019 Mar-Apr; 72(2):119-125. Epub 2018 Apr 30. PMID: 31036972; PMCID: PMC6476577.
Dutta, A. B. (2026). Artificial Intelligence and Automation in Indian Human Resource Practices: Ethical Recruitment, Generative AI Integration, Predictive Workforce Planning, and AI-Enabled Leadership Succession. International Journal of Research and Scientific Innovation (IJRSI), 13(3).
Fernández-Aráoz, C., Nagel, G., & Green, C. (2021, May 1). The high cost of poor succession planning. Harvard Business Review. https://hbr.org/2021/05/the-high-cost-of-poor-succession-planning
George, R., & Krishnakumar, S. (2023, January). Significance of employee engagement and succession planning on organizational development. In International Conference on Economics, Business and Sustainability (pp. 299-305). Singapore: Springer Nature Singapore.
Groh, K. (2026, May 13). What are succession planning best practices? Valamis. https://www.valamis.com/hub/succession-planning
Hawaldar, A. R. (2019). Succession planning in india: The path less traversed. The Management Accountant Journal, 54(2), 30. Https://doi.org/10.33516/maj.v54i2.30-33p
‘Indian companies lack succession planning’. (2018, November 18). https://www.thehindubusinessline.com/companies/indian-companies-lack-succession-planning/article25531980.ece
Jain, K. (2022, October 4). Don’t defer succession planning. www.jsalaw.com. Retrieved May 18, 2026, from https://www.jsalaw.com/articles-publications/dont-defer-succession-planning/
K, V. (2026). Investment Behaviour of Investors Towards Mutual Funds: An Empirical Analysis., ShodhPrabandhan: Journal of Management Studies., 3(1), 16-22. https://doi.org/10.29121/ShodhPrabandhan.v3.i1.2026.67
K. Praveenkumar, et. al. “Importance of Succession Planning in Indian Information Technology Industry.” International Journal of Humanities and Social Science Invention (IJHSSI), vol. 11(07), 2022, pp 23-28. Journal DOI- 10.35629/7722
Keerio, N., & Ahmad, A. R. (2024). Developing future leaders in Malaysian public universities: the factors influencing execution of succession planning. Journal of Applied Research in Higher Education, 16(5), 1453-1468.
Korang, V., Golly, M. K., & Osman, O. M. (2021). Evaluating the Influence of Succession Planning on the Growth of Small and Medium Enterprises (SMEs) in Ahafo, Bono and Bono East Regions of Ghana. Open Journal of Business and Management, 9, 3076-3091. https://doi.org/10.4236/ojbm.2021.96172
Kulkarni, S.R. (2023). Analyzing the Effect of Succession Planning and Leadership Development on Sustainable Organization Performance: A Study of It-Enabled Sector Companies. ShodhKosh: Journal of Visual and Performing Arts, 4(1), 892–900. doi: 10.29121/shodhkosh.v4.i1.2023.2469
Leadership succession planning and organization transition: A review of literature. International Journal of Managerial Studies and Research, 10(3), 16–30. https://doi.org/10.20431/2349-0349.1003003
Linda Kay Fairburn. (2012, October). Four Steps to Succession Readiness. Retrieved 10 27, 2022, from https://www.makethingshappen.net: https://www.makethingshappen.net/nonprofit-succession/four-steps-to-succession-readiness
Mihir, M., & Padroo, B. S. (2025). Talent Management and Succession Planning. International Journal of Research, 14(2), 69-74.
Oluwaseun Oduwusi, O. (2018). Succession planning as a key to effective managerial transition process in corporate organizations. American Journal of Management Science and Engineering, 3(1), 1. https://doi.org/10.11648/j.ajmse.20180301.11
Pandey, S., & Sharma, D. (2014). Succession planning practices and challenges: Study of indian organisations. Procedia Economics and Finance, 11, 152–165. https://doi.org/10.1016/S2212-5671(14)00185-3
PeopleFluent (Ed.). (2022, August 24). 5 Advantages to succession planning that secure your organization’s future | HR and talent Management | PeopleFluent. peoplefluent.com. Retrieved May 18, 2026, from https://www.peoplefluent.com/blog/talent-management/5-advantages-to-succession-planning-secure-your-future/K.Siambi, J. (2022).
Renuka, V. V., & Marath, B. (2021). Impact of effective governance structure on succession process in the family business: Exploring the mediating role of management succession planning. Rajagiri Management Journal. https://doi.org/10.1108/RAMJ-06-2021-0048
Rothwell, W. J. (2010). Effective Succession Planning: Ensuring Leadership Continuity and Building Talent from Within. In American Management Association (4th ed.). American Management Association. https://hcmindonesia.wordpress.com/wp-content/uploads/2012/12/9b-successionplanhandbook.pdf
Sharma, T., Upadhyay, P. K., Pandey, A. K., Shukla, P., & Tripathi, P. K. (2025). LINKAGES OF MANAGING TALENT AND SUCCESSION PLANNING IN SELECTED LISTED FIRMS: A BOARD OF DIRECTOR’S VISION. CORPORATE BOARD: ROLE, DUTIES AND COMPOSITION, 21(1), 8-16.
Succession planning: Preparations for the inevitable. (2022, May 4). Corporate Secretary. https://www.corporatesecretary.com/articles/technology-social-media/33003/succession-planning-preparations-inevitable
Ugoani, John, Management Succession Planning and Its Effect on Organizational Sustainability (May 11, 2020). International Journal of Economics and Business Administration Vol. 6, No. 2, 2020, pp. 30-41, Available at SSRN: https://ssrn.com/abstract=3598097
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Ms. Sonam Yadav, Sudhanshu Chaman Ji, Dr. Pankaj Mishra, Dr. Shubhangi Tripathi, Dr. Abhishek Kumar Pandey
This work is licensed under a Creative Commons Attribution 4.0 International License.
With the licence CC-BY, authors retain the copyright, allowing anyone to download, reuse, re-print, modify, distribute, and/or copy their contribution. The work must be properly attributed to its author.
It is not necessary to ask for further permission from the author or journal board.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
