As the leader of a family-owned business grows older, he/she must guard against depending on past successes.

Question

Quizplus · Accepted Answer

As the leader of a family-owned business grows older, he/she may be tempted to rely on past successes instead of adapting to new market trends and customer needs. However, doing so can lead to complacency and stagnation, ultimately putting the business at risk. Therefore, it is important for leaders to continue to innovate and seek out new opportunities for growth, rather than relying solely on past achievements.

As the Leader of a Family-Owned Business Grows Older, He/she