please I need the answer in 55mins!!

Scenario 2 The Centennial Hardware Store, located in Scarborough, Ontario, has served the Port Union community for over 30 years. And while the Owner & President, Mr Lawton had always expected his two children to carry on the family business, they have recently made career decisions that have confirmed their intentions to decline moving forward with the family business. Mr. Lawton has announced his plans to retire in five years and now recognizes he will need to consider other options in order to transition away from the Hardware store and from simply handing over the business to his two children. As an HR Planning Consultant, you have been invited to the next Board meeting to present Succession Planning options for the Centennial Hardware Store to consider, to ultimately ensure a smooth handoff between Mr. Lawton and his successor To be fully prepared for this meeting, you will need to Describe the purpose of a Succession Management Plan Describe the benefits of a Succession Management Plan Describe the process to implement a Succession Management Plan Identify 2 management development methods that should be included in the transition plan