Succession planning refers to a plan constructed in the event of a transition of power within a business, often for upper management and leadership positions. Succession planning is conducted in order to ensure a smooth transition for the business that protects its present success while equipping new management to take the reins and continue business growth.
If you want to create a succession plan for your business, use the video and graphic guide for more information.
Corporate Governance Fundamentals: Succession Planning
A video guide on succession planning for the next stages of your business
أسس الحوكمة المؤسسية للشركات المتناهية الصغر والصغيرة والمتوسطة: تخطيط التعاقب الوظيفي
فيديو إرشادي باللغة العربية حول تخطيط التعاقب الوظيفي لمراحل أعمالك المقبلة.
Succession Planning Graphic Guide
This graphic guide explains what succession planning is, and how important it is to ensure smooth business and sustained success in a business.
Enhancing Gulf Business Competitiveness
Evaluations of the Gulf Region’s economic sphere reveal that much of the business is carried out by Micro, Small, and Medium Sized Enterprises (MSMEs).
Bearing in mind the importance of MSMEs in job creation, innovation, and business growth, the Pearl Initiative undertook an extensive survey across these companies to understand their approaches to corporate governance and competitiveness. Our survey revealed that MSMEs are keen to expand their horizons, but encounter obstacles with funding, hiring skilled employees, allotting time for ventures, and retaining talent. The survey thus provides a framework that will help MSMEs address these issues through effective corporate governance towards more stable and successful forms of entrepreneurship.