Examlex
Questions about how much authority to delegate,and to whom,are easier issues for a family-run businesses since they "can't fire family."
Transformational Leadership
A style of leadership where leaders work with teams to identify needed change, creating a vision to guide the change through inspiration and executing the change in tandem with committed members of the group.
Subordinates
Individuals who are lower in rank or position in an organizational hierarchy and report to a superior.
Executive Transition
The process of changing leadership within an organization, including the transfer of responsibilities and roles.
Shared Responsibility
A principle where multiple parties are held accountable for the outcomes of a particular objective or task, emphasizing collaboration.
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