Smart business leaders know they have to have someone set up who can sub in or replace them in the event of emergency or opportunity. But sometimes it generally does not appear to be there’s anyone who’s appropriate or ready. Here are several actions you can take.
Many articles and books have already been discussed succession planning and how important it really is for company longevity and shareholder protection. But a lot of the advice focuses on selecting and transition between CEOs and assumes things such as a completely functional board and a reasonably robust organizational structure.