Welcome to the third of four videos in the "Succession Planning" series! If you haven’t seen our "Succession Planning: Eight Critical Steps" video, we recommend you stop and go back and watch it. In this video, you will learn in more detail about one of the eight critical steps, creating the transition process. Creating the transition process is about managing the transition from incumbents to chosen successors. Succession planning doesn’t happen by itself. It takes a formal process, which is what you’ll learn more about in this series.