Succession planning is a strategic process organizations use to identify and develop potential future leaders who can fill key roles as they become vacant. It ensures business continuity by preparing high-potential employees to step into critical positions, minimizing disruptions and maintaining organizational stability. Effective succession planning involves assessing current talent, identifying skill gaps, and providing targeted development opportunities to prepare individuals for future responsibilities. By fostering a pipeline of capable leaders, companies can adapt more quickly to change, retain institutional knowledge, and support long-term growth and success.