The essential quality for a family business that shows a recognition that decisions should be left to the person with the greatest talent in that area is the quality of:

Question

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Shared power means that decisions are not solely made by one person, but are distributed among various family members. However, within a family business, it is important to recognize that different family members may have different talents and strengths in certain areas. Therefore, the person with the greatest talent in a particular area should be given the power to make decisions in that area. This allows for the best possible decisions to be made, which ultimately benefits the business as a whole.

The Essential Quality for a Family Business That Shows a Recognition