How mentoring can help to develop a successor in a family business

What is it about?

This article explains how and why different functions of mentoring can be effective in developing the competencies of successors in family businesses.

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Why is it important?

Mentoring as one of the main methods of nurturing helps the successor nurturing process through a range of functions. However, the effect of different functions of mentoring on preparing the successor has not been well-explained in the literature. In this research we have addressed this issue by identifying the competencies which are developed by applying mentoring functions.