The Governance Dimension for Family Enterprising Is Primarily Concerned with Addressing

question 9

Multiple Choice

The governance dimension for family enterprising is primarily concerned with addressing:

• A) Does your family have structures and policies that stimulate change and growth?
• B) Does your family have the protocols in place to force everyone to work together?
• C) Does your family have the procedures necessary for auditing and control?
• D) Does your family have the legal framework (contracts, wills, estate planning) to divide the family business equally among the heirs?
• E) Does your family feel comfortable with their personal relationships with one another?

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Definitions:

Persona

A detailed profile of a hypothetical or fictional character representing a key segment of a product’s target audience, used in marketing and product design to empathize with customer needs.

Abstract Self-concept

An individual's perception about themselves that is not tied to physical or material reality but consists of beliefs, feelings, and how they see their personality traits.

Deconstructed Self-concept

Refers to the process of breaking down one's self-identity into various components to better understand the influences and factors that shape their sense of self.

Selective Perception

The process by which individuals selectively interpret what they see, hear, and feel based on their own experiences, attitudes, and beliefs.