In order for family-managed businesses to survive and prosper, management guru Peter Drucker advises them to
A. stop hiring family members after the initial hiring round.
B. exclude outsiders while planning succession.
C. hire only family members to make profit division easy.
D. fill at least one key position with a nonfamily member.
E. allow for minimal performance by family members.
Answer: D
You might also like to view...
Comment on the appropriate coaching action for each of the following three situations: lack of ability, lack of motivation, and lack of resources.
What will be an ideal response?
It is important to create a legal research plan to focus on the issues and methods for finding the law
Indicate whether the statement is true or false
Which of the following is an example of a work integration social enterprise?
a. a venture that trains former gang members to be personal trainers b. a venture that sources all its resources from local sources c. a venture that donates one pair of shoes for every pair of shoes it sells d. a venture that sells donated books online
Which of the following is NOT one of the major issues to be addressed by schedulers in order to reduce the size of the queues in intermittent processes?
a. input-output control b. loading c. worker assignment d. sequencing