Discussion 6 - 12 Hours From Now. Maximum Time

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The succession planning is one of the most crucial aspects of business as it maintains the continuity in the talent pipeline for key leadership roles in the organization. As in the video the decisions taken randomly without proper, rational and evidence based succession planning often results in disaster while succession planned out will lead to success.  For family owned business, the succession planning helps the youngsters to take the responsiblities in a gradual manner from the elder members who approach retirement. It eliminates the chances of hazard from taken decisions in event of sudden retirement, disability or death of a senior member. These things can result in up roar of business and other potential fall outs of situations that may impact the business adversely. Technology enabled  decision making tools not only help to identifry, retain and nurture best talent, but also ensure that the company has the best people aboard the team.