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A 2004 CIBC survey suggests that succession planning is increasingly becoming a critical issue. The CIBC estimated that by 2010, $1.2 trillion in business assets would be poised to change hands. [10] Research indicates many succession-planning initiatives fall short of their intent. [11] "Bench strength", as it is commonly called, remains a ...
In reversing its position, the SEC acknowledged that poor CEO succession planning constitutes a significant business risk and raises a policy issue on the governance of the corporation that transcends the day-to-day business of managing the workforce. The change indicates that regulators have reframed CEO succession as a risk management issue ...
Here too there is a lesson for all kinds of corporations: While many companies strive to become more agile and less rigid, this mentality is baked into the Dead’s “business model.”
Continue reading ->The post What Are the Steps to Succession Planning? appeared first on SmartAsset Blog. In business, having the right people in leadership roles is arguably the most important ...
For such a plan to be successful, a screening of future leadership should be based not only on "what we know and have" but also on "what we aspire to become". Persons involved in succession planning should include current leadership members who can articulate the future vision. Three critical dimensions should be considered: Skills and knowledge;
The post How to Make a Succession Plan for a Family Business appeared first on SmartReads by SmartAsset. Who takes over the reins of your family business when you step down is a critical question ...
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