discussion2 week9

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Tvfryroregr

Business Finance

Description

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.

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Explanation & Answer

Attached.

Running head: MANAGEMENT SUCCESSION AND RISK MANAGEMENT

Management Succession and Risk Management Strategies
Institution Affiliation
Date

1

MANAGEMENT SUCCESSION AND RISK MANAGEMENT


2

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?
Management succession is actions taken to address the unforeseeable change which

occurs when the manager dies, gets sick, gets old or retires. It ensures the continuity of business
as well as its being run smoothly by identifying and keeping fit the...


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