Perhaps the most powerful illustration of succession's importance inside the family firm is the staggering number of family businesses that plan to hand over control to the next generation in the short_term. For instance, in the US alone, 40% of family business CEO's are planning to transfer power to the next generation within the next 5 years. When viewed in combination with the factors surrounding succession, this statistic truly represents the importance of the succession process not only within the firm, but also on a macroeconomic level_family_owned businesses have served as the backbone of society since the times of the ancient Greeks.
Are you looking for a training plan template? Some companies have their own human resources specialist that can come up with a plan in a snap. Other businesses have to resort to ready_made ones, especially those that operate in a smaller scale. The good news is that there are a lot of ways for you to get your hands on a training plan template.