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Succession Planning

"The future has a way of arriving unannounced." -- George F. Will

The Challenge

Your vice president of finance just resigned. You know you have some talented employees in that group, but while there's a lot of experience there, no one has been given anything near that scope of responsibility in the past. Well, the employees in finance won't like it, but you'll have to go outside to find the next VP. That's going to cost you in morale and in recruiting dollars. And it may cost you a few more employees before it's all over.

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