Asked by Joshua Leahy on May 11, 2024
Verified
Maggie is a 67-year-old client who will be retiring in 6 months from the law practice she founded 30 years ago. She is currently training one of her colleagues to take over her clients and run the practice after she retires. This strategy for smoothing the transition to retirement is known as which of the following?
A) Instrumental support
B) Identity consolidation
C) Life review
D) Succession planning
Succession Planning
The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or die.
Retirement
The phase in life where one voluntarily leaves their job or career, often due to age.
Instrumental Support
Assistance provided to someone in the form of tangible aid or service, such as financial help or offering resources.
- Determine approaches for handling changes and readying for life after parenting.
Verified Answer
LM
Leanne McIverMay 16, 2024
Final Answer :
D
Explanation :
Succession planning involves preparing for the future leadership of a company or organization, ensuring a smooth transition by training or identifying successors, as Maggie is doing by training a colleague to take over her law practice.
Learning Objectives
- Determine approaches for handling changes and readying for life after parenting.
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