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______Is When the Family Firm's Ownership Is in the Hands

question 49

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______is when the family firm's ownership is in the hands of the public, with the family holding significant stock in the public corporation


Definitions:

Organizational Formalization

The degree to which an organization uses rules, procedures, and structured communication to order its activities.

Entrepreneurial Behavior

Actions and attitudes indicative of an individual's willingness to take risks and innovate in pursuit of new business opportunities.

Entrepreneurial Capabilities

The skills, knowledge, and attitudes required to identify opportunities, create, and grow successful new ventures.

Team

A group of individuals working together to achieve a common goal or complete a task.

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