How long does the process of preparing a family successor for leadership in the family business customarily take?
A) weeks
B) months
C) two or three years
D) a decade or longer

Question

Quizplus · Accepted Answer

The process of preparing a family successor for leadership in a family business is a comprehensive and long-term endeavor, often taking a decade or longer. This allows ample time for the successor to gain the necessary experience, understand the business deeply, and build relationships with key stakeholders.

How Long Does the Process of Preparing a Family Successor