Instructions: Identify the Following Terms

question 121

Short Answer

Instructions: Identify the following terms.
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Definitions:

Leadership Successor

An individual who has been identified or groomed to take over a leadership position in an organization, ensuring continuity in leadership.

Family Businesses

Enterprises owned and managed by members of one or more families, often inheriting leadership roles across generations.

Succession Plan

A strategy for identifying and developing future leaders in an organization, ensuring continuity in critical positions.

Family Businesses

Enterprises owned and operated by multiple family members, often passing management and ownership through generations.