Commercial Insights

Why is Succession Planning Important?

May 20, 2022 (updated Apr 11, 2023) • 6 min
Strategic Advice
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Strategic Advice
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Strategic Advice
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Over a year into the pandemic, companies are still adapting to economic, labor and supply chain challenges. In the next year, CEOs and other business leaders will focus on sales, spending, supply chain management, staffing, and flexible work arrangements.
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Important disclosure information

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information.

  1. Harvard Business Review, “The High Cost of Poor Succession Planning,” May-June 2021 Back
  2. Society for Human Resource Management, “Succession Planning is Critical in Uncertain Times,” March 9, 2022 Back