Succession Planning and The Peter Principle

At some point in our professional careers, we all have come across some managers and wondered –

How on earth did this person become a manager. He seems to be so incompetent?

Welcome to the world of Peter Principle. Peter Principle states that

People in a hierarchy tend to rise to their “level of incompetence”

– Laurence J. Peter

In other words, people get promoted based on their past performances until they are no longer able to produce the same level of performance and they remain stuck there...