Arrange the steps of succession planning in the correct sequence.
1. Define competencies required to perform roles.
2. With future orientation, assess people against criteria.
3. Identify roles for succession or replacement planning.
4. Develop employees to be ready for future key roles.
5. Identify pool of talent that can potentially perform highly in key roles.

A. 1, 2, 3, 4, 5

B. 2, 1, 3, 4, 5

C. 3, 2, 1, 4, 5

D. 3, 1, 2, 5, 4

Answer: Option D