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A Wise Approach to Internal Business Transfers

Applying wisdom to the decision-making process during an internal transition can reduce the risk of uncertainty and increase the chance of success. In addition, business owners can transfer their wisdom and knowledge to the next generation of leadership through continuity and succession planning.

To effectively transition the company’s wisdom role, business owners can develop:

  • A corporate governance structure
  • A strategic plan

Read more about using wisdom to promote a successful internal transition: Log in to read our Internal Transitions white paper.

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