Members of the executive team have asked you to prepare a presentation for them

Members of the executive team have asked you to prepare a presentation for them on the importance of succession planning. Note: You have the ability to approach this assignment from one of two scenarios. Select only one approach below, and then develop your presentation. Regardless of the selected scenario, you should review the Four Dimensions of Designing Succession Plans outlined by Nissan and Eder (2017) and these should be the basis of your presentation. The four dimensions include:Degrees of FormalityLocus of Decision-MakingScope of PlanningIdentification and Assessment of TalentUse speaker notes to serve as your transcript of what you would present to a professional audience.Scenario 1You have recently been moved into a leadership role that requires you to formulate a succession plan over the course of the next two years. The organization must replace three long-tenured employees that have been deeply entrenched into the fabric of the organization and have experienced the lows of budget cuts to highs of increased revenue which enabled the organization to grow its service delivery.– OR –Scenario 2You were recently hired to take over for a long-term employee that was deeply valued and respected by their peers. You realize that the staff member whom you are replacing is scheduled to retire in 2 months.Length: 3 to 5-minute video accompanied by 6-8 slides, excluding the title slide and references slide.References: Include a minimum of 4 scholarly resources.