Sentences with phrase «formal succession planning process»

A 2014 NAWL Survey reported that 95 % of firms have not identified their next managing partner, and only about 30 % have a formal succession planning process.

Not exact matches

Osry and other succession experts point out that families are often sandbagged because they've failed to plan well in advance for a generational transition by creating an orderly, formal and, most importantly, consensual process to see it through.