Graeters current management teamRichard, Robert, and Chip Graetertook the business over from their parents, who did not

Question:

Graeter’s current management team—Richard, Robert, and Chip Graeter—took the business over from their parents, who did not have a formal succession plan in place to indicate who would do what. Do you think the current team should have such a plan specifying who is to step into the business, when, and with what responsibilities?

Why or why not?

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Asim farooq

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