At some point in time in time every business owner will “exit” their business. In most cases, a small business represents a significant component of family wealth and the owner will be keenly interested in maximizing this value when the business is either sold to an outside 3rd party or key employee, or transferred through [...]
Entries Tagged as 'Management Succession Planning'
Exit or Succession Planning For Small Businesses
September 3rd, 2010 · 1 Comment · Business Leadership Management, Family Business Succession, Family Succession Planning, Management Succession Planning
Tags: business intermediary·exit planning·Family Business Succession·Succession Planning Steps
The Importance of Succession Planning
September 2nd, 2010 · No Comments · Business Leadership Management, Family Business Succession, Management Succession Planning
Business Continuity Planning
The Disaster Recovery Journal (DRJ) defines Business Continuity Management (BCM) as “A holistic management process that identifies potential impacts that threaten an organization and provides a framework for building resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities.
The management of [...]
Tags: Business Continuity Planning·Certified Business Continuity·contingency plan·definition of disaster·disaster recovery plan·Emergency Solutions·process of succession·Wikipedia
Good Vs Bad Succession Planning
September 1st, 2010 · No Comments · Management Succession Planning
For an HRM class… Yeah, I realize how lame this is.
Duration : 0:0:51
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Technorati Tags: Beans, Bernardi, Cool, HRM, Planning, Succession
Organization Best Practices – Succession Planning
August 30th, 2010 · No Comments · Business Leadership Management, Family Business Succession, Management Succession Planning
Definition.
Succession Planning involves preparing for the departure of key personnel, typically those in leadership roles, such as senior management, and most commonly those in the top executive spot such as the CEO, CFO, President, or Executive Director. For brevity, the term “CEO” will be used throughout the document, but it should be understood to represent [...]
Tags: business goals·change management·change management consulting·exit strategy business·succession planning decisions
Why is Succession Planning Important For Any Business?
August 27th, 2010 · No Comments · Family Business Succession, Management Succession Planning, Strategic Planning
Running any business is all about planning. Living in the moment is fine, but you need to consider both the past and possible future events. Succession planning is certainly a future event that every business must consider or face disaster.
What is succession planning? Well, it is simply a plan put in place that recognizes the [...]
Tags: estate planning life insurance·Joe Robbie·Miami Dolphins·succession planning failure
