1. Describe why management succession so important in a family run firm and what are the options that Lee has in the family succession. 2. What are some of the pitfalls that face Tico as a family run...

1. Describe why management succession so important in a family run firm and what are the options that Lee has in the family succession.

 2. What are some of the pitfalls that face Tico as a family run business.

 3. What problems might face the company if one Lee suddenly dies.

 4. Do you think that Tico has the right ownership form of business?

 5. Put yourself in the role of the consultant to Lee.  Discuss what advice you would give Lee in helping Tico continue as a family business. Identify what if anything should Lee do differently.