Asked by Trinhh Ph??ngg on May 19, 2024
Verified
When the situation in the business becomes acute, the issue of management succession should be entrusted to someone who is ______.
A) neither part of the family nor part of the business
B) a family member
C) the closest friend of the family
D) a company employee
Management Succession
A strategy within an organization for passing leadership roles, including the transition of its senior leaders and the continuity of business operations.
Acute Situation
A critical or urgent condition that requires immediate attention, often implying a sharp or severe onset.
- Discuss the impact and management of family and friends in a business setting.
Verified Answer
RL
Raven LindseyMay 21, 2024
Final Answer :
A
Explanation :
When a business is facing acute challenges, it's often wise to bring in an external perspective to address management succession. Someone who is neither part of the family nor the business can provide unbiased, fresh insights and solutions, free from internal politics or emotional biases.
Learning Objectives
- Discuss the impact and management of family and friends in a business setting.
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