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Explain the basics of a management succession plan

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Reference no: EM131418125

Discussion

Please answer the question with at least 2-3 paragraphs

Management Succession and Risk Management Strategies

Please respond to the following:

• Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.

• Referring to the same small business, determine the most appropriate way for that business to minimize its exposure to risk. Explain your rationale.

Reference no: EM131418125

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