At the age of 48, right after the birth of his first son, he recognized that he wanted a plan to guarantee a viable future for this family-owned company. He knows that succession planning will involve the whole management team, none of whom now has a leadership position. Just like his father and grandfather before him, he alone makes all choices for the business. He is considering whether to pick a possible successor internally to be trained and prepared for senior management or to stay at the head of the institution until his son is old enough to take over. Randa Salamoun is affiliated with American University of Beirut. Lina Tannir is associated with American University of Beirut.
This is just an excerpt. This case is about STRATEGY & EXECUTION
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