Transferring leadership from one generation to the next in a family business is known as the __________.

Question

Quizplus · Accepted Answer

Transferring leadership from one generation to the next in a family business is commonly referred to as succession, and it can be a complex and emotional process. Family dynamics, personal relationships, and business considerations all come into play when determining who will take over the business and how the transfer of leadership will occur. It is important for family businesses to have a solid succession plan in place to ensure a smooth transition and the continued success of the business.

Transferring Leadership from One Generation to the Next in a Family