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

Multiple Choice

In order for family-managed businesses to survive and prosper, management guru Peter Drucker advised them to

A) refrain from having someone outside the family help plan succession.
B) discontinue hiring outsiders as they are more objective.
C) fill at least one key position with a nonfamily member.
D) offer initial public stock offerings as soon as possible.
E) tolerate mediocre performance by family members.