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List the Critical Factors That an Effective Succession Plan Needs

Question 66

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List the critical factors that an effective succession plan needs to consider.
A.The role of the owner in the transition stage: Will he or she continue to work full time? Part time? Or will the owner retire?
B.Family dynamics: Are some family members unable to work together?
C.Income for working family members and shareholders.
D.The current business environment during the transition.
E.Treatment of loyal employees.

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An effective succession plan needs to co...

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