Succession planning proves its value to california dealer

摘要

A tragedy demonstrated the importance of succession planning to Quality Machinery Center. Now, it's key to future expansion. For some businesses, a change in top management becomes an opportunity to change directions in the way the firm does business.For others, it's a chance to do things the "right" way, or at least the way the new management wants to do it. In the case of Quality Machinery Center, with the untimely passing of its majority owner and "guiding light," the challenge was to continue doing business the right way. And so far, so good, current managers say, because a formalized plan had mapped out who would take over in the unlikely event that something should happen to key leaders. Managers and employees are grateful every day that they did.