CHAPTER 1: INTRODUCTION 1.0 Chapter Overview - DSpace@UM

CHAPTER 5: CONCLUSIONS AND RECOMMENDATIONS5.0 Chapter OverviewThis chapter provides the interpretation of key findings, summary and conclusions whichhave been drawn from the findings, recommendations for future research, andimplications of the findings on succession planning and management practices in thecontext of organizations in Malaysia.5.1 Summary And ConclusionsThis study provides an empirical result of succession planning practices and approach ofa cross-section of firms in the services and manufacturing sectors in Malaysia. Further,unlike previous studies, this study intends to empirically investigate the relationshipbetween succession planning characteristics, demographic characteristics andorganizational outcomes.This study shows that on average firms in Malaysia employ an effective successionplanning system. The findings of the study reveal that 56.5% the firms surveyed haveformal succession plan and are mostly from the large-sized firms. The most commonlyused succession planning approach is the “pool” approach and this approach is widelyused in the services sector. The “react” approach is the second most preferred approachfor succession planning and it is a common approach in manufacturing sector. Company88