Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.

Management Succession and Risk Management Strategies

Please respond to the following:

Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
Referring to the same small business, determine the most appropriate way for that business to minimize its exposure to risk. Explain your rationale.
From the case study, discuss possible new options for finding quality employees other than those considered in the case study.
From the case study, discuss how Mark Sims could better motivate the employees he already has to become more productive and dedicated. Provide specific examples to support your response.

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