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Concerning the Need for Good Management in the Family Business

Question 59

Multiple Choice

Concerning the need for good management in the family business, which of the following is one of the "best practices" identified in the textbook?


A) Resist preparing successors for leadership to avoid demoralizing those who are not selected.
B) Maintain rigid guidelines based on family traditions to guide the company into the future.
C) Emphasize the attraction and retention of family members.
D) Stimulate new thinking and fresh strategic insights.

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