Explain Three Key Issues That a Succession Plan Would Need

question 20

Essay

Explain three key issues that a succession plan would need to address.

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Definitions:

Pitch Deck

A concise presentation used by startups and entrepreneurs to provide an audience with a quick overview of their business plan, often with the goal of securing investment or partnership.

Market

The arena in which buyers and sellers come together to exchange goods, services, or information.

Unique Way

A manner or approach that is distinct and unlike any others in achieving a goal or solving a problem.

Revenue/Expense Modeling

The process of forecasting future revenues and expenses to predict a company's financial performance and guide budgeting decisions.