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

Drucker offered advice to help family-managed businesses survive and prosper, including that family members working in the business must be at least as capable and hardworking as other employees, that at least one key position should be filled by a non-family member, and that someone outside the family and the business should help plan succession.

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