Chad recently invented Wave-Aerobics, a next generation watercraft that can safely perform water stunts similar to an amusement park ride. As the founder of a fast growing business, you think his goal of incorporating, "to remain in steadfast control of the firm's operations for an indefinite number of years," is good strategy.

Question

Quizplus · Accepted Answer

It is not a good strategy for Chad to aim for indefinite control of the firm's operations, as it may hinder growth and limit potential opportunities for the company, as well as potentially discouraging investors who may have concerns about the long-term sustainability of the business. A better approach would be to aim for a strong and effective leadership team, with clear succession planning in place.

Chad Recently Invented Wave-Aerobics, a Next Generation Watercraft That Can