The success of an entrepreneurial venture is often jeopardized by the death of its founder. ________ is an important measure to minimize this problem.

Question

Quizplus · Accepted Answer

Succession planning involves identifying and training potential successors who can continue the entrepreneurial venture in the event of the founder's death or disability. It minimizes the risk of the business failing due to the absence of the founder. The other options do not directly address this problem.

The Success of an Entrepreneurial Venture Is Often Jeopardized by the Death