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This sounds like an interesting model for choosing future leaders but also it seems very risky as it is entirely dependent on a very small selection of people (
by throwaway6734 5y ago
This sounds like an interesting model for choosing future leaders but also it seems very risky as it is entirely dependent on a very small selection of people (those in the hereditary line) being able to lead and grow a company.
Based on the fate of monarchies around the world, I wouldn't bet my money on it
- spoonjim 5y agoThere are two advantages that the family business has: they get to pick the son (In South America, it's usually the son, but in China it's frequently the daughter), it's not always the oldest, and sometimes when there are no suitable sons they go outside the family. In contrast, succession to monarchies is usually fixed, but crafty monarchies often pick the successor as well, such as Mohammed bin Salman in Saudi Arabia and Kim Jong Un in North Korea.