A Founder's Core Values May Become Part of the Family

question 42

Multiple Choice

A founder's core values may become part of the family business culture because:

• A)the founder typically knows what is best for the company's culture.
• B)others in the business absorb traditions and values established by the founder.
• C)the values coincide with modern management theory.
• D)family members follow family traditions without excessive analysis.

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Definitions:

Leadership Understanding

The comprehension of various aspects, styles, and effects of leadership within organizational settings.

Followership

Followership is the behavior of individuals who support and are guided by a leader, contributing to the leader's vision and the organization's objectives.

Organizational Outcomes

The results or consequences of an organization's actions, strategies, and processes, often measured in terms of performance, productivity, and employee satisfaction.

Scrutinized

Examined or inspected closely and thoroughly.