How to Plan a Succession Strategy

Succession planning is one of the most sensitive strategic issues for heritage brands. We speak to experts about how to ...
Inc

3 Succession Situations to Plan For

Succession planning has always been important, but not critical. Now, in 2024, it has evolved from “should do” and “must-do” to “cannot wait.” Many external factors make it increasingly pertinent for ...
AgWeb

A Properly Designed Succession Plan

A properly designed succession plan creates a better outcome for farm owners and their successors. The primary purpose of succession planning is to preserve, protect and promote the family’s most ...
HR Dive

The key to an effective succession plan? Good communication, McLean says

The success of a succession plan is tied to good communication, and HR leaders are key to making sure this happens, according to McLean & Co.’s “Design a High-Value Sucession Planning Program” guide, ...
Entrepreneur

Common Succession Planning Mistakes

Succession planning is fraught with potential missteps. By examining common mistakes, businesses can employ proactive measures to sidestep pitfalls that have ensnared others. Delaying the Planning: ...
Forbes

Leveraging Sponsorship To Facilitate Succession Planning

The primary outcomes of performance management are helping employees develop their knowledge and skills and supporting career aspirations. For this to be effective, management must provide a ...
InvestmentNews

As clock ticks on succession boom, a third of business owners don’t have a plan

While two-thirds (64 percent) of business owners have a succession plan in place, a new study by Edward Jones highlights the complexities and emotional challenges entrepreneurs face in preparing for ...