What does the process of family succession begin with?
A) determination of whether appropriate talent exists within the family
B) the terms of the financial buyout once the business is passed over
C) the level of participation of the family members who are retiring
D) the period over which the transition to the new family members will occur

Question

Quizplus · Accepted Answer

The process of family succession begins with determining whether appropriate talent exists within the family. This means assessing the skills and abilities of potential family successors to ensure they have the necessary qualities to successfully run the business.

What Does the Process of Family Succession Begin With