Management Succession and Risk Management Strategies, business and finance homework help

Management Succession and Risk Management Strategies
Please respond to the following in 1 page:

• Assume you are the owner of a small business with which you are familiar. Outline the basics of a management succession plan for passing the business on to the individual of your choice.
• Referring to the same small business, determine the most appropriate way for that business to minimize its exposure to risk. Explain your rationale.

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