1. Family Business Succession Guide
In any kind of endeavor there is a moment where the control should be passed down to the next generation. ... The transition of power from one generation to another is not an easy process. ... To a good succession the future successor must be trained and advised to have the personal goals similar than the company's goals. ... Finally the potential successor will receive a feedback about which is the necessary skills to prepare for the future. ... The company owner's must understand their responsibilities to the future successor. ...
- Word Count: 1366
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate