Succession management is needed even when retirements and company sellouts are predictable.

Question

Quizplus · Accepted Answer

Succession management is important for any organization, regardless of whether retirements or company sellouts are predictable or not. It helps ensure continuity and sustainability of the business by identifying and developing potential leaders to take on key roles. Even when retirements or company sellouts are predictable, a well-planned succession management process can minimize disruption and ensure a smooth transition.

Succession Management Is Needed Even When Retirements and Company Sellouts