A Written Succession Strategy

question 18

Multiple Choice

A written succession strategy

• A)is part of an entrepreneur's will.
• B)prepares the entrepreneur for developing a management continuity strategy and policy.
• C)must be reviewed by the government.
• D)must be reviewed by the family.

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Definitions:

Conservation

The practice of protecting, preserving, managing, or restoring natural environments and their inhabitants.

Opportunity-driven

A mindset or approach that focuses on identifying and exploiting new business or growth opportunities.

Psychological Motivation

The internal processes that stimulate and direct human behavior toward achieving personal or professional goals.

Power

The ability or capacity to influence or control the behavior of others or the course of events.