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Succession management as a knowledge management strategy

By Janelle Pritchard and Karen L. Becker


One of the most critical issues for building innovation capacity in organisations is the acquisition and maintenance of knowledge. As knowledge is the basis of human capital, then the ability to attract, retain and engage talent is argued to be an important element of innovation. By attracting and retaining good staff, the organisation is retaining organisational knowledge\ud which is necessary particularly for exploitation of current capabilities, but will also contribute to capacity for exploration for future innovation. This paper\ud addresses the importance of retaining and developing staff as a critical issue for knowledge management and addresses the issue of retaining talent through effective succession management practices. The findings from an exploratory\ud study into current practices in the Australian rail sector, provides further insight into the potentially critical issues for the effective use of succession management as a knowledge management and employee retention tool for\ud building innovation capacity

Topics: 150312 Organisational Planning and Management, 150305 Human Resources Management, Knowledge Management, Succession Planning, Rail Industry, Case Study, Innovation Capacity
Publisher: Continuous Innovation Network (CINet)
Year: 2009
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