During the transfer of power, how should the owner deal with company problems and mistakes the successor makes?
A) Use them as a means for teaching.
B) Step in and fix them herself, to prevent damage to the company.
C) Explain how the owner would have handled it and insist it be done that way in the future.
D) Use them as an opportunity to maintain control for as long as possible.

Question

Quizplus · Accepted Answer

The transfer of power is a learning process for the successor, and it's natural for mistakes to happen. As the owner, it's important to use those mistakes as teachable moments to help the successor improve and grow in their role. By doing so, the company will benefit in the long run.

During the Transfer of Power, How Should the Owner Deal