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In Succession Planning, Family Businesses Should Do All of the Following

Question 12

Multiple Choice

In succession planning, family businesses should do all of the following EXCEPT:


A) share the succession plan with all who are affected by it and make sure that they understand it.
B) use entrepreneurial consultants in establishing the succession plan.
C) set up the succession plan well in advance of the need to use it.
D) prepare the leadership successor through training and experience to assume the new role when needed.
E) identify the leadership successor well ahead of time.

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