Can-Do Enterprises suffered a shock when George White, its president and CEO, was killed while skiing in Chile. Nevertheless, the organization was able to continue operations smoothly. Which of the following was most likely the reason for the smooth transition?
A)succession planning
B)organizational chart
C)delegation strategy
D)executive life insurance

Question

Quizplus · Accepted Answer

Succession planning involves identifying potential replacements for key positions within an organization, including the CEO role. If Can-Do Enterprises had a succession plan in place, they would have been able to quickly and smoothly transition to a new leader without significant disruption to daily operations. The other options, such as an organizational chart, delegation strategy, or executive life insurance, would not necessarily ensure a smooth transition in the event of the sudden loss of a CEO.

Can-Do Enterprises Suffered a Shock When George White, Its President