( Last year MST Sample Test ) Please explain in simple plain language

Question 3 (word limit: 700 words), Mega Corporation is a private UK audio company specializing in design and production of a wide range of both consumer and high fidelity products. Founded 50 years ago by Aiden Henry, the firm now employs 250 workers and has annual sales of over S20 million. Aiden operates the firm in a highly centralized way, and retains control over all changes in operations. Although Aiden Henry is now 70 years old, he has no apparent management successor, and has always hand-picked his heads and staff personnel. He has been generous to those who worked for him, paying substantial bonuses each year to the employees based on his personal evaluation of each worker. Just six weeks ago, a heart attack and poor health outcomes convinced Aiden to consider retirement, and he decided to sell the firm to his employees department Required: Assuming that the new management wants to operate as a decentralized firm, what major management problems do you foresee in the transition from sole owner to employee ownership? (8 marks)