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What could a founder do to make a succession plan successful? Using the Three-Circle Model of Family Businesses, identify issues the founder should discuss with each group.
Isolation
The experience of being separated from others, which can be physical, social, or emotional in nature.
Lonely
Experiencing a feeling of sadness or isolation due to a lack of companionship or separation from others.
Middle Adulthood
A life stage typically occurring from ages 40 to 65, characterized by stability, career consolidation, and heightened concern for the next generation.
Stagnation
A period of little or no growth, development, or progress.
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