BUSINESS TRANSITION PLANNING
Business transition planning is a business strategy. It is all about creating, harvesting, and preserving the value of the business during a successful transition.
Every individual needs to know what the change means to them and what’s expected of them. The transition management team helps design the messaging to staff and other stakeholders, so that it tells a clear and compelling story. Regularly updating everyone involved is crucial, too.
It secures your organization and it’s set values from
1) changes such as retirement or resignation from leadership roles due to unforeseen circumstances, or transition between generational passing of the baton
2) future structural changes within an organization, mergers with other companies, or
3) transitions between stages of business planning.
There are many a ways to ensure smoother transition in any condition for the individuals, families, organizations and it’s extended family which are the organization’s backbone, it’s employees and allies.