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The failure of businesses, including brokerages and advisory firms, to plan for succession is an often known – but little talked about in public – topic that research shows can have a drastic effect on a company, especially in the current economy.
In fact, according to a survey of more than 1,000 senior managers and executives by the American Management Association, a majority (57%) believe their senior leadership team is not committed to succession.
Kalish is a fomer managing editor of SourceMedia’s Employee Benefits Group.
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