Describe a strategy to handle a scenario where multiple senior leaders are nearing retirement at the same time.
- Encourage all leaders to retire simultaneously for a fresh start
- Hire external leaders to replace the retiring ones
- Ignore the situation and let it unfold naturally
- Implement a phased retirement approach and mentor successors
A strategy to handle a scenario where multiple senior leaders are nearing retirement at the same time involves implementing a phased retirement approach and mentoring successors. This gradual transition helps transfer knowledge and ensures continuity in leadership.
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