According to Peter Drucker, who should help plan succession for a family-managed business?
A) Family members only.
B) Family members and the board of directors only.
C) Nonfamily business managers only.
D) Someone outside both the family and the business.
E) Government succession agencies.

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.

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