Author at Dynamic Business
Between the bushfires and the pandemic, many Australian companies have experienced a significant drop in revenue and have had to make employees redundant. Although JobKeeper has enabled them to keep some of their people employed, the program is scheduled to end in September. Even if it continues at a reduced level of funding, CEOs who […]
In part one, we spoke about the importance of succession planning. Now, we will look at the four steps you need to take to develop a successful succession plan. Assuming you have a strategic plan, the first step in succession planning is to project when you will need people with certain kinds of knowledge and […]
Part one: Why do I need a plan? Although much has been written about succession planning in large corporations, it is equally important for entrepreneurial companies and family businesses. Without a succession plan, leaders put their companies at risk when they leave, move to another position, or retire. Why bother if it’s my company, and […]
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