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The only differences between essential corporate succession planning and family business succession details are details…and emotions. Succession is business transition. “Corporate transitions tend to operate within established governance structures, performance
Entitlement. Power struggles. Unresolved history. Contrasting visions. Trudy Pelletier has seen it all while mediating conflicts that often occur during business ownership transitions. The Calgary-based president of Trudy Pelletier Consulting
While art imitating life doesn’t usually translate into the world of Calgary business, the latest TV season of Succession, about the scripted maneuverings and vicious shrapnel of Logan, Kendall, Roman,
For some personal and some business-strategic reasons, succession planning can be a touchy topic for business leaders and owners. While the topic itself is complex, so is the reluctance, procrastination
Of all the basic and cliched skills essential for business executives – financial, marketing and sales, leadership, strategizing, delegation and time management, and problem solving – risk management may be
Succession planning focuses on implementing a process with the goal of keeping talent in the pipeline. This process typically involves between 12 and 36 months of preparation, which in this
Sometimes the successful leaders of successful businesses are not quite so successful when it comes to one critical aspect of planning for the business’ future: a smooth and effective succession.
Now more than ever, in business and in life, timing is everything! In Calgary business, there is also the added speedbump of a notorious triple whammy: the COVID-lockdown, the oil
Business can be challenging, exciting and rewarding. It can also be, as many small business owners know, notoriously unpredictable. It is smart business to be prepared. Canadian business stats show
Some people say succession planning is all business. Consultants and senior management who have been through it know better. While much of succession planning is critical decision-making, intensely fiscal and
