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Question
Which of the following statements about using available family talent in the succession plan is true?
a Younger family members working in the business should realize that mistakes early on in their careers should be considered in their future advancement.
b If the available talent is not sufficient inside the company, the owner must bring in outside leadership or supplement family talent to avoid a decline in the business under the leadershi members.
c It is rare a younger member will have the skill set to rescue a struggling company; therefore, younger members should not be considered for a succession plan.
d If a younger family member would like to advance his or her career by working on a new direction for the company, a negative decision by his or her parent means he or she should of directors.
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