According to Peter Drucker, which of the following statements is true of managing a family business?
A. The business should be aggressively managed.
B. Someone outside the family and the business should help plan succession.
C. Mediocre performance by family members employed in the company may be tolerated.
D. The business should "go public" as soon as possible.
E. The business should not hire outsiders as they contribute expertise the family might not have.
Answer: B
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