Asked by Brigid Ripley on Jun 02, 2024
Verified
The __________ occurs when members of the controlling family of a business get into disagreements about work responsibilities, business strategy, operating approaches, finances or other matters.
A) family feud
B) corporate conflict
C) family business disaster
D) partnership disagreement
E) family business feud
Family Business Feud
Conflicts or disputes that occur within a family-run company, often relating to leadership, succession, or financial issues.
Work Responsibilities
The specific tasks, duties, and functions assigned to an employee or a team within the workplace, expected to be fulfilled to achieve organizational goals.
Business Strategy
A plan of action designed to achieve a long-term or overall aim in the competitive marketplace.
- Comprehend the functions and influences of family enterprises.
- Gain insight into the mechanisms and value of succession planning in family businesses.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
E
Explanation :
The term "family business feud" specifically refers to conflicts within a family-owned business, encompassing disagreements about work responsibilities, business strategy, operating approaches, finances, or other matters.
Learning Objectives
- Comprehend the functions and influences of family enterprises.
- Gain insight into the mechanisms and value of succession planning in family businesses.