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Foundations of Effective Succession Planning

Join Sarah Sawyer and Russell Berger from Offit Kurman as they discuss the critical topic of succession planning in this week's episode of OK at Work. Learn about the importance of standard operating procedures, timing, formalization, and seamless transitions to ensure business continuity when leaders or managers retire or move on. Discover how having a clear roadmap, well-timed exit strategies, and collaborative handovers can help your organization maintain stability and capitalize on new opportunities. 00:00 Introduction to Succession Planning 00:59 Importance of Standard Operating Procedures 02:03 Planning for Timing and Communication 03:24 Training and Transition Period 04:05 Ensuring Stability During Transitions 04:37 Adapting to New Leadership 05:00 Conclusion and Final Thoughts