... overall situation or even for each individual. Each situation should be studied and considered in terms of the company's needs and the individual's needs. In addition, there should be enough time allowed to prepare the successors. They should not be expected to learn the jobs or responsibilities instantly. The successor and potential back-ups should be chosen early in the process. This will clarify the communication and help eliminate disappointment and possible departures of key candidates. At Commonwealth Edison the succession planning starts with the Business Unit Alignment Review which contains, reviewing business and leadership issues that are likely to affect the business in the next one to three years. The business unit has a Leadership Competency Model consisting of 22 strategic capabilities. Any managers that wish to be considered for a potential executive position, they are responsible for beginning a self-nomination. Once on the team, each applicant participates in ...

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