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What is a servient estate?
Succession Plan
A strategy for identifying and developing future leaders within an organization, ensuring a smooth transition of key roles in the case of departure or retirement.
Succession Problem
Challenges and issues related to transferring leadership or ownership of a company from one generation or leader to another.
Succession Plans
Strategic planning processes that identify and develop new leaders who can replace old leaders when they leave, retire, or pass away.
Family Business
A commercial organization in which decision-making is influenced by multiple generations of a family related by blood, marriage, or adoption, who are closely involved with its operations.
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