What management concept is advisable in the family firm?
A) Rely on the competence of professional managerial personnel.
B) Show favouritism in personnel decisions.
C) Keep discussions of changes in ownership open with all employees.
D) Make a child a manager from a young age.

Question

Quizplus · Accepted Answer

Relying on the competence of professional managerial personnel ensures that decisions are made based on expertise and experience, which is crucial for the success and sustainability of a family firm.

What Management Concept Is Advisable in the Family Firm