The purpose of succession planning is to _______________.
A)prepare for passing wealth from family-business owners to the next generation
B)measure the success or failure of the strategic planning process
C)provide for the orderly transition of ownership from one generation to the next
D)identify a longer-term plan for the orderly replacement of key employees

Question

Quizplus · Accepted Answer

Succession planning primarily focuses on ensuring there is a plan in place for replacing key employees when they leave, retire, or are otherwise unable to fulfill their roles, ensuring continuity and stability within the organization.

The Purpose of Succession Planning Is to _______________