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This paper presents a proposed conceptual model for creating and implementing an organizational succession plan based on the resource-based view of the firm (RBV) theory. The proposed model should provide organizational and human resources leaders, as well as organizational development (OD) practitioners with the ability to develop the organization’s internal leadership pool as a driver of competitive advantage. This proposed conceptual model bridges a gap in literature related to talent management frameworks, as well as defining a succession plan for an organization and the subsequent link to organizational performance