A written succession strategy

Name: A written succession strategy
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

A written succession strategy is crucial for ensuring the continuity of management and leadership within a business. It helps the entrepreneur to plan for the future by identifying and developing potential successors. This strategy does not necessarily have to be part of an entrepreneur's will, nor does it require review by the government or the family, although family businesses might choose to involve family members in the process.

A Written Succession Strategy