Your family business operates a chain of cafés and restaurants across three cities. Your uncle has been the company CEO for the last 20 years, and has announced he is planning to retire next year. He discusses his concerns with you.
-He is aware that family businesses can fail to achieve a smooth transition between generations for all of the following reasons except______ .
A) the founder may find it difficult to release control
B) rivalry may exist between siblings
C) parents may put pressure on the younger generation without considering their feelings
D) the company lacks a clear organizational structure
E) the children may not be interested in the family business
Correct Answer:
Verified
Q1: The proportion of family businesses that are
Q3: You are a business consultant providing advice
Q4: Qatar Computers is a family-owned business based
Q5: The following statements are typically true of
Q6: Statistics show that_ of businesses in
Q7: Family businesses typically evolve through three stages.
Q8: One major disadvantage of the family business
Q9: Unity of command states that_ _.
A) every
Q10: Your family business operates a chain of
Q11: When designing the organizational structure of a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents