Question: Why do owner-managers often resist change? a. Because their pride in existing success makes them less aware of potential problems b. Because they don't trust

Why do owner-managers often resist change? a. Because their pride in existing success makes them less aware of potential problems b. Because they don't trust their heirs to have the same values as they do c. Because they are afraid of messing up a system that works d. Because they lack the professional training to develop future-oriented strategy Family-business consultants a. focus on a single subject of expertise. b. are required to be from a business or finance background. C. need to be able to balance needs of ownership, family, and business management. d. deal primarily with the family ownerships. If the family business with an outgoing CEO needs dramatic change, the best solution may be a. a permanent shift to nonfamily management b. a nonfamily manager as a bridging CEO c. ensuring external experience for the new CEO d. to have the board select the new CEO

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