In the CapraTek: Succession Planning simulation, identify the three best candidates for the plant manager
position, interview each candidate, and select your top choice. Create a career development plan for the
For this assessment, you will use the CapraTek: Succession Planning simulation. Using this simulation,
featuring a fictitious technology organization, requires you to make decisions about the best candidates for a
plant manager position, to interview the candidates, and to select your top candidate in order to create a career
Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them
By successfully completing this assessment, you will demonstrate your proficiency in the following course
competencies and assessment criteria:
Assess an organization’s strategic plan for training.
Analyze how succession planning supports an organization’s strategic training plan.
Competency 5: Identify effective organizational processes and roles for employee development.
Articulate why candidates were selected to be interviewed.
Develop a career development plan for the chosen candidate.
Analyze the selection of a candidate to hire for a position
decrease the productive ability of an economy. Examples of unfavorable shocks involve a raise in oil prices for an importing nation. Such shocks have an inclination of raising prices and slowing down the economy by the increasing costs of production and reducing lucrativeness at the same time (Guillermo & Rodrigo 2008). The second plausible cause of stagnation is inappropriate macroeconomic strategies. For example, letting an extreme growth in the supply of currency can escalate inflation, and the government can generate stagnation by using intense regulation of goods and the labor market. These two aspects performed an important role in triggering the 1970s worldwide stagflation that led to the fall of Keynesian economics. The stagflation began with huge increases in oil prices and continued, because central banks used the intense simulative monetary policy to solve the recession. The fall of Keynesianism also credited to the fact that many economists did not take into account the probability of stagflation (Blinder, 2013). Historical data pointed out that high unemployment rates were related with low inflation rates and vice versa, as shown in the Phillips curve (Khan Academy, 2017). The theory was that a high demand for goods increased prices, which in turn stimulated companies to employ more people. Likewise, high employment rates augmented demand. During the 1970s stagflation, it became obvious that the link between inflation rates and employment levels was sometimes unstable. As a result, macroeconomists were unconvinced about Keynesianism, eventually steering to the end of the impact of Keynesian theories in economic strategies. Monetarist economists, such as Edmund Phelps and Milton Friedman clarified a shift in the Phillips curve: they maintained that when companies and workers anticipated high inflation, there was a shifting up of the Phillips curve, suggesting that high inflation can occur at any rate of unemployment (Khan Academy, 2017). Unambiguously, they argued that if inflation remained high for many years, workers and companies would begin emphasizing its consequences during wage negotiations, causing in a quick increase of earnings and firms’ prices, which further quickened inflation. This enlightenment was an extreme case of criticism of Keynesianism, and Keynesians progressively agreed the explanation. This reduced Keynesianism spread and influence on>GET ANSWER