Minister's Message
Minister’s Message – Sunday May 16th, 2021
I wonder if you’ve ever come across the phrase “Succession planning”? It’s a business term, although I’m sure it could be applied to all sorts of organisations including music groups, schools, charities, political parties, even churches. What it is is a strategy for passing on leadership roles, or even a company’s ownership, to other people when its most important staff move, retire or – let’s be honest – die. Succession planning is particularly important for family businesses, partly because their founders often find it hard to let go of day-to-day management and partly because their death or retirement can provoke unseemly family squabbles – which is, I’m sure, the stuff of many a television drama!
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