Maggie is a 67-year-old client who will be retiring in 6 months from the law practice she founded 30 years ago. She is currently training one of her colleagues to take over her clients and run the practice after she retires. This strategy for smoothing the transition to retirement is known as which of the following?

Question

Quizplus · Accepted Answer

Succession planning involves preparing for the future leadership of a company or organization, ensuring a smooth transition by training or identifying successors, as Maggie is doing by training a colleague to take over her law practice.

Maggie Is a 67-Year-Old Client Who Will Be Retiring in 6