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Which model evaluates employees using a performance-potential matrix in succession planning? Select one: The Nine-Box Talent Grid The 4 Ps Framework The SWOT Model The PESTLE Model
Which of the following is a characteristic of reliable and valid information used in succession planning? Select one: Inconsistency Bias Accuracy Vagueness
In the 3-Phase Model of succession planning, which phase involves training and coaching future leaders? Select one: Preparation Evaluation Transition Development
A feasibility study in succession planning is best described as: Select one: A marketing campaign to attract new customers A financial statement summarizing annual profit A detailed investigation that evaluates whether a succession plan is practical, realistic, and likely to Read more
In succession planning, family businesses are more likely than non-family businesses to: Select one: Ignore customer access when choosing a location Relocate quickly based purely on board decisions Avoid all forms of location planning entirely Resist relocating due to emotional Read more
Which management function involves monitoring performance and assessing the readiness of potential successors? Select one: Staffing Leading Controlling Organizing
Entrepreneurship is defined in the course material as: Select one: The act of managing only government-owned enterprises The process of identifying business opportunities, taking risks, and organizing resources to create and grow a business A method of avoiding all financial Read more
Which of the following best describes “external succession” in non-family businesses? Select one: Selling the entire business to a competitor Hiring a successor from outside the organization when no internal candidate is considered ready or suitable Promoting a long-serving employee Read more
Which type of entrepreneur is most likely to have clear, early exit strategies and documented succession plans? Select one: Imitative Entrepreneur Necessity Entrepreneur Lifestyle Entrepreneur Serial Entrepreneur
Leadership transitions can affect employee morale by causing: Select one: Elimination of all management roles Automatic salary increases for all staff Immediate business expansion Uncertainty and fear about job security