Speak to Ebele Kemery a Risk
This presentation is the property of its rightful owner.
Sponsored Links
1 / 2

Speak to Ebele Kemery a Risk Management Solutions Expert to Ensure Continue... PowerPoint PPT Presentation


  • 23 Views
  • Uploaded on
  • Presentation posted in: Others / Misc

One of the things family-run businesses fail to prepare for is business succession planning. What this entails is being able to identify people who can assume key roles during transition.

Download Presentation

Speak to Ebele Kemery a Risk Management Solutions Expert to ...

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Speak to ebele kemery a risk management solutions expert to ensure continued business success

Speak to Ebele Kemery a Risk

Management Solutions Expert to

Ensure Continued Business Success

One of the things family-run businesses fail to prepare for is business succession

planning. What this entails is being able to identify people who can assume key roles

during transition. Take, for example, Apple's Steve Jobs. While Apple is not a family

owned business, they certainly had this in mind when its creative genius stepped

down due to long-term health issues. Now that Jobs has died, Tim Cook will be

looked on by the masses as the captain of the company's future success.

This is why planning ahead of time can help your business maintain continuity in

situations such as a sale, the loss of upper management employees, or the abrupt

retirement or death of an owner. Small, family-owned businesses will benefit by

speaking with Ebele Kemery a risk management solutions specialist. Big companies

like Apple will always have contingency plans in place. It is these smaller players that

really need this since they do not have a large infrastructure to support them when in

crisis mode.

One key aspect of business succession planning requires giving current employees

adequate training for possible advancement. After all, you want to be able to give

them the chance to rise up from the ranks into positions of authority. In order for

this to happen, they have to work closely with managers and other key personnel to

develop their skills and thoroughly understand the company and its culture.


Speak to ebele kemery a risk management solutions expert to ensure continued business success

When senior level officials retire or move on to other businesses, you avoid the

possibility of being left hanging. This is because you have well-trained staff waiting in

the wings ready to take over responsibilities and keep the company on a steady

course. For upper management roles, like chief officers, it is critical to have someone

ready to step in, in case of a problem.

While small businesses may have limited employees, risk management solutions

experts will tell you the loss of an owner or key manager can destabilize things. A

carefully crafted succession plan from Ms. Ebele Kemery will help your business

remain functional while the reins of power are being transferred to the next

generation. At this critical time, make sure your employees get all the support they

need to achieve a smooth transition. With business succession planning, you also

negate the possibility of future family disputes that could fracture what past

generations worked hard for.

Creating this plan starts by identifying all key roles and defining them. Detailed job

descriptions that are regularly updated are important to this process. With this

information, the team that is hired to help in the transition will know which

candidates are right for the job. The process also encourages you to take steps like

entering into a buy-sell agreement to retain company interest during a transition

period.

Whether you belong to a large corporation or a small business, continuity is

important. Imagine all that time and energy spent building up the business and

attracting clients. Business succession planning makes sure that what you and past

family members have accomplished will remain for future generations to come. Your

corporation remains functional even in transition, with jobs preserved, company

reputation maintained, and an existing client base yours forever.

Ms. Ebele Kemery is associated with JPMorgan Asset Management; she has provided

institutional client relationship management and tailored risk management solutions

in the Investment Bank’s Global Commodities Group. Ms. Kemery is also a Member

of the Editorial Advisory Board of the Global Commodities Applied Research Digest,

and full-tuition scholar from top-tier University possessing a Bachelors of

Engineering in Electrical Engineering.

For more details please visit: http://ebelekemery.blogspot.com/


  • Login