Having a succession plan prepares companies for when they need to make a replacement on the team.
Benjamin Franklin famously said, "If you fail to plan, you are planning to fail." Imagine an elite American football team whose quarterback suffers a severe injury in the middle of the game. While it is disappointing to lose a strong talent, experienced coaches are always prepared for their next move. Rather than looking at each other in disbelief and forfeiting the game, they have a highl