The Process of Preparing a Successor for Leadership in a Family

question 46

True/False

The process of preparing a successor for leadership in a family business often takes a decade or longer.

---

Definitions:

Community Agency Settings

Organizations or environments within a community that provide specific services, support, or resources to the public, often focusing on health, education, or social services.

Post-Traumatic Stress Disorder

A psychological disorder caused by exposure to or being part of a horrifying incident, marked by recurring flashbacks, distressing dreams, intense stress, and persistent thoughts related to the occurrence.

Family Members

Individuals related by blood, marriage, or adoption who share close personal or legal ties.

Treatment

Any medical care, therapy, intervention or procedure used to attempt to cure or ameliorate a disease, disorder, or injury.