Keys to Effective Succession Planning

What is the difference between succession planning and planning your exit strategy? The distinction is important, particularly if you decide not to sell your company outright. Knowing who, specifically, will take over after you leave can help the company to transition from one leader to the next more quickly while allowing it to continue to run smoothly during the entire process. On this edition of "Deal Talk," Jeff Allen welcomes Chicago-based business strategist Carl Seidman, who has advised many of America's top organizations. He will be sharing what he believes are the essential keys to effective succession planning.