MuskanvyasKnowledge Contributor
How do you create a succession plan for your business?
How do you create a succession plan for your business?
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1. Identify Key Positions
2. Assess Current Talent
3. Develop and Nurture Talent
4. Create a Succession Planning Committee
5. Document Succession Plans
6. Communicate and Engage
7. Establish Mentorship Programs
8. Assess and Monitor Progress
9. Plan for Contingencies
10. Review and Revise Regularly