Case-succession planning

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Case: Succession planning

Family business typically have the luxury of passing the torch down to children after parents retire, but in some cases, there are no candidates, or the candidates may not be right for the role. This parents a challenge when it's time to find a successor, especially if existing employees have assumed that top level promotions would come from within the family. So the Carlson companies had to put in great effort to find a replacement, looking both internally and outside of the company, ultimately finding an internal candidate who would work well with the family but also offered plenty of experience as an executive in different industries.

Question: According to Rukon PK of caring Group, Carlson should be commended for not only making the right decision in not hiring the heir apparent but for handling the job search in a clam, effective way. In this case what type of strategy they follow?

Reference no: EM132984358

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