You are here
Succession planning - Start now
Plain text source:
Succession planning must be seen as an ongoing process of high-quality human resource management.. The approach applies equally to consulting businesses as it does to farming businesses... The three basic principles we applied are: everyone in the business knows their role and responsibility clearly and is rewarded the capital contributed or used by the business (in the case of RMCG the buildings) are rented from the owners of the capital the profit is distributed after everyone is rewarded and the capital is rented based on this share of ownership of the business...
GRDC Research Summaries