According to Peter Drucker, who should help plan succession for a family-managed business?
A)family members only
B)family members and board members only
C)nonfamily business managers only
D)someone outside the family and the business
E)government succession agencies

Question

Quizplus · Accepted Answer

Peter Drucker suggests that succession planning for a family-managed business should be done by someone outside the family and the business, such as a consultant or a professional advisor, who can offer an objective and unbiased perspective. This can help ensure a smooth transition and prevent conflicts among family members.

According to Peter Drucker, Who Should Help Plan Succession for a Family-Managed