Which of the following is relevant to make a succession successful?

Question

Quizplus · Accepted Answer

Good interpersonal relationships between the successor and the team or employees, the customers, the suppliers, and other stakeholders are crucial for a successful succession. This ensures a smooth transition, trust, and continuity of the business operations, which can lead to increased profitability and growth. Liquidating, selling assets, or closing the business are not necessarily relevant or desirable options for a successful succession. Venture capitalists investing in the business may be helpful, but it is not the most essential factor in a successful succession.

Which of the Following Is Relevant to Make a Succession