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According to the capital asset pricing model
Managerial Succession
The process of planning and implementing the transition of leadership roles within an organization to ensure continuity.
Professional Norms
Established standards and behaviors that are considered acceptable and appropriate within a professional setting.
Leadership Roles
Positions or functions assumed within an organization or team that involve guiding, directing, influencing, or managing others towards achieving collective goals.
Skill Development
The process of identifying, learning, and refining abilities and competencies to improve performance and effectively address challenges.
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