This document discusses succession planning and growing talent from within an organization. It defines succession planning as a systematic process for defining future management needs and developing talent to meet the needs of the organization now and in the future with a flexible long-term view. It notes that succession planning is important because finding and hiring external candidates can be slow, costly and may not provide the right skills, while growing talent internally allows the organization to develop people according to its unique culture and way of doing things. The document then outlines a four step process for succession planning: 1) Review current members, 2) Identify positions and needed skills/competencies, 3) Develop candidates, 4) Empower talent to apply for roles.