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December 2015 » Is Your Organization Diversified?
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Ron Ries, CPA, CGMA
History has shown that many organizations, both for-profit and not-for-profit, unfortunately have not done an adequate job of succession planning at all levels—if they have not ignored the issue completely. When senior management is moving towards retirement or leaving the organization for other reasons, one possible solution is to seek another, similar organization with a successful track record and strong management talent as a merger partner or successor organization.
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