Question: 19- Subject= ( small business management) Some families form corporations and hire professional m…

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Jun 13, 2022

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Question: 19- Subject= ( small business management) Some families form corporations and hire professional m…

by | Jun 13, 2022 | Questions & Answers


19- Subject= ( small business management)

Some families form corporations and hire professional managers
to run them when no family members are available. The disadvantages
of this is might be:

a. The lost perception of the small business concept by the
customers and the access they feel they lost not knowing the owner
or manager of the business

b. Trusting outsiders to correctly run the small business

c. Passing the family on to another family member at a later
time

d. Reduced family employment, lower income, concentration of
power, difficulties in finding management and loss of the “personal
touch”

e. All of the above

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