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Succession planning for top executives is very time consuming and expensive to initiate, so many organizations do not have one in place. Explain why it is a good idea to have a succession plan in place. APA format.

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The succession planning for top executives are determined. The response addresses the queries posted in 259 Words, APA References.

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The response addresses the queries posted in 259 Words, APA References

Importance of Succession Planning

Introduction

A succession plan is a design for any business enterprise exit. A well-handled succession plan assures that the business owner can get their original money adequately compensated for their years of 'blood, sweat and tears' which they injected into developing their business oppressions. A succession plan addresses subsequent fundamentals:

At what time the business owner ...

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Ashish Sharma, MBA (IP)
Education
  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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