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Large corporations have a poor record in managing succession. According to The Economist, the tenure of CEOs has fallen by half in the last two decades. Yet another survey indicates that the majority of companies in the US have no succession plan.
A badly handled succession will inevitably damage the reputation of the company. Because warehousing is always been a people centered business, failure to handle succession effectively is a serious risk.
Biology dictates that every executive will eventually depart. Given this fact, it is shocking to discover how many companies have no succession plan.
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