Question $5(1$ point$)$

An Ambassador style succession strategy for a CEO of a family business as defined in our text can be helpful to the successor because:

Question $5$ options:

The Ambassador likes to remain in their current CEO position for a very long time so it gives the potential successor a lot of time to observe them in action.

The Ambassador announces a firm exit date and then leaves the company entirely enabling the successor to do their own thing without the former CEO around at all.

They hold on to the diplomatic duties, but allow the successor to take on the operating role.

It is not helpful since they usually hope the successor fails so they can rescue them and step back in to the CEO role