Questions:
1. Identify and briefly describe four characteristics you would expect to find in a successful manager of this type of venture.
2. What steps does Jack need to follow to successfully identify and groom a successor? Be complete in your answer.
3. If you were going to advise Jack, what would you recommend he do first? How should he get started with his succession plan? What should he do next? Offer him some general guidance on how to handle this problem.