The culture of family- owned businesses may experience profound changes once the founder has passed away.

Question

Quizplus · Accepted Answer

Family-owned businesses often have a strong attachment to the founder's values and vision. Once the founder is no longer present, the business may face challenges in maintaining that culture and adapting to changes. This can lead to changes in how the business operates and the culture it fosters.

The Culture of Family- Owned Businesses May Experience Profound Changes