Foundations of Effective Succession Planning
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Foundations of Effective Succession Planning
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Join Sarah Sawyer and Russell Berger from Offit Kurman as they discuss the critical topic of succession planning in this week's episode of OK at Work. Learn about the importance of standard operating procedures, timing, formalization, and seamless transitions to ensure business continuity when leaders or managers retire or move on. Discover how having a clear roadmap, well-timed exit strategies, and collaborative handovers can help your organization maintain stability and capitalize on new opportunities.
00:00 Introduction to Succession Planning
00:59 Importance of Standard Operating Procedures
02:03 Planning for Timing and Communication
03:24 Training and Transition Period
04:05 Ensuring Stability During Transitions
04:37 Adapting to New Leadership
05:00 Conclusion and Final Thoughts