I prefer using mentoring and coaching for my family business succession issues to be highly effective. It would help unlock the potential of the people working in my business and enhance business performance
Through mentoring, there is a benefit of dealing with the problem of relationships which are categorized under the soft issues which require a delicate approach. It is a resource that contributes most to career success and is being viewed by companies as a mechanism to accelerate the dispersal of knowledge. Mentoring will also help solve my FB's other major problems related to succession planning and women's participation. By investing in mentoring, leaders in the organization will transmit signals to others that continuous professional development is valuable.