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Friday, 25 July 2008
 
 

Succession Management - Business Continuity At Its Best

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Succession Management - Business Continuity At Its Best

For years, businesses of all shapes and sizes have been planning and preparing for business interruptions. Classic business continuity plans typically include contingency actions for scenarios that are disastrous or catastrophic in nature, result in intermediate or long-term business interruptions, and threaten the livelihood and future prosperity of the business. Unfortunately, the same kinds of business continuity issues exist in one of the most overlooked areas of business continuity, leadership succession planning. Developing and implementing a leadership succession plan is just as important as a well-defined business continuity plan.
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