A benefit of strong family relationships is the greater willingness of family members to:

Question

Quizplus · Accepted Answer

Strong family relationships lead to a greater willingness to sacrifice salaries and dividends when necessary for the good of the family business. This is because family members are more loyal to the family and the business, and prioritize the long-term success of the business over short-term profits. Family bonds also translate to a higher level of trust and communication, which can facilitate the adoption of new operating methods if it is deemed necessary for the success of the business. However, there is no direct correlation between strong family relationships and acting generously towards nonfamily employees, nor does it necessarily lead to emphasizing short-run profits.

A Benefit of Strong Family Relationships Is the Greater Willingness