Even If Family Members Lack the Capability to Run the Business

question 43

True/False

Even if family members lack the capability to run the business, an entrepreneur should always select a successor from this pool of talent.

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Definitions:

Provoke

To stimulate or incite someone to action or feeling, often with the intent of eliciting a specific reaction.

Proactively

describes taking initiative by acting in advance of a future situation, rather than just reacting, to achieve better results.

Impending Impasse

An approaching stalemate or deadlock situation where progress seems difficult or impossible.

Confrontation

A direct engagement or clash between parties over divergent interests, perspectives, or opinions.