Methodology This chapter will explore the methodology used in this study and the research methods informing the choice of these methods. It is a practical project of the field of study. It will address the methods of gathering information needed to answer research questions outlined in the first chapter. The section will cover population, sample-sampling…
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Scharmer’s U model theory can be used to understand successful planning. In his theory, Scharmer (2007) observes that the top management team should embrace and act to implement succession planning. He views succession planning as beginning from the immediate future. The theory supports a concept of U process, which consists of five movements that make…
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Succession Plans There are several succession plans available for business. These include internal succession, external succession, liquidation, or dissolution. Whichever plan one chooses for the business, it is important that proper strategic planning is done and find out which one is best for the business. Among these, liquidation or dissolution should only be considered as…
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In planning for a succession plan, it is important that entrepreneurs consider business entities as separate from themselves rather than an extension of themselves as many people view them (Burke, 2016). In passing over the business to a family member, it should be understood that they should have the core competencies to run the business.…
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Abstract Organizational changes are inevitable since employees and managers are bound to leave the organization through various means. Despite these transitions, the operations of an organization have to continue. The company has to deliver its mandate in achieving its mission (Sullivian, 2012). This paper will, therefore, address these organizational changes. In particular, it will address…
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Introduction An organization’s competitive advantage lies in its marketing strategy. It is what makes the company win over its competitors. Marketing functions culminate from planning and implementing concepts, pricing, promotion and distribution of ideas and goods (Li, 1995). Success in business lies in how a company outperforms its rival companies in satisfying the customer needs…
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Financial analysis for The Proctor and Gamble Company The company’s liabilities, both long term, and short term include a long-term debt, which has been reducing over the years. As at 2010, the debt stood at 21,360 dollars, which reduced to 18,329 dollars in the financial year 2015. The short-term liabilities can be said to be…
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The impact of KPMG’s reputation over the trading scandal The status of KPMG auditing services was more likely than not damaged by the allegation that one of its senior partners provided insider information. That resulted in a conflict of interest in the firm’s ability to give creditable service to its clients and probably the…
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