Succession planning is important for business longevity, as it provides a smooth transition plan when a key player in your business becomes unavailable. Not only that, effective succession plans help to ensure that leadership changes don’t disrupt major business initiatives that are in-progress.
However, how do we know if the succession plan we created is effective?
To help you decide if your succession plan is effective, here are 6 foundations you should consider for an effective succession plan.
6 Foundations for Effective Succession Planning