Assignment:
Please answer the question with at least 2-3 paragraphs
Management Succession and Risk Management Strategies
Please respond to the following:
1. Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
2. Referring to the same small business, determine the most appropriate way for that business to minimize its exposure to risk. Explain your rationale.