A founder's values become part of the family business culture because
A) the founder insists that the values are sound.
B) others in the firm learn what's important and absorb traditions established by the founder.
C) the values coincide with modern management theory.
D) family members follow family traditions without excessive analysis.

Question

Quizplus · Accepted Answer

A founder's values become part of the family business culture because others in the firm learn what's important and absorb traditions established by the founder. This happens through observation and experience, as well as through communication of the founder's values to others in the organization. The founder may insist that the values are sound, but it is ultimately the culture of the organization that reflects those values. The coincidence with modern management theory may be a factor in the success of the business, but it is not necessarily the reason the founder's values become part of the culture. Family members may follow family traditions without analysis, but this does not explain how those traditions become part of the culture of the business.

A Founder's Values Become Part of the Family Business Culture