To protect the interests of both the family and the business in a family business,the owner should:

Question

Quizplus · Accepted Answer

By identifying the positions that are reserved for members of the family, the owner can ensure a balance between family interests and business interests. This allows for the family members to have job security and a clear understanding of their role in the business, while also ensuring that the best candidates are selected for other positions within the company regardless of familial ties. It also helps to prevent resentment and favoritism among non-family employees.

To Protect the Interests of Both the Family and the Business