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Succession planning

A process, not an event

by LAWSON A
Succession planning
Published in October 2015 - Page 11

Succession planning is a lot like regular dental check-ups. Everyone knows they should do it; but, it’s not anyone’s favourite thing, and it’s easy to postpone – until there is an event that really brings the need into focus.

Succession planning, as a discipline, has its roots in business management. Businesses have long understood the importance of preparing for foreseeable events, such as the loss or retirement of owners or key staff. Still, while they

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