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Question 23
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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