In order for family-managed businesses to survive and prosper,management guru Peter Drucker advises them to
A)grow as aggressively as possible.
B)discontinue hiring family members.
C)fill at least one key position with a non-family member.
D)sell the business as soon as possible.
E)allow for some diminished performance by family members.

Question

Quizplus · Accepted Answer

Peter Drucker advises family-managed businesses to fill at least one key position with a non-family member to bring in fresh perspectives and expertise. This can help prevent complacency or stagnation due to relying solely on family members for leadership and decision-making.

In Order for Family-Managed Businesses to Survive and Prosper,management Guru