Sometimes a Successor Is Needed Because the Business Environment Changes

question 58

True/False

Sometimes a successor is needed because the business environment changes and a parallel change is needed at the top.

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Definitions:

Future Planning

The process of setting goals and outlining strategies and actions to achieve those goals, considering predictions about future conditions and challenges.

Unrelated Diversification

A growth strategy where a business expands into areas that are different from its core operations.

Business Areas

are distinct segments within a company, focusing on specific tasks or markets, such as finance, marketing, or product development.

Tetrapods

Tetrapods are a vertebrate group that includes all species with four limbs or limb-like appendages, including amphibians, reptiles, birds, and mammals.