BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Indian Administration Officers
|
|
|
Professional Managers
|
|
|
Next generation
|
|
|
None of the above
|
Detailed explanation-1: -Answer: Family business always interested to handover the change of his business to: Next Generation. Explanation: Family business generally revolves around the fund given by the family members.
Detailed explanation-2: -Succession planning is a business strategy for passing leadership roles on to one or more other employees.
Detailed explanation-3: -Family business entrepreneurs are the ones who inherit their family business and expand it further. Technical experience Classification: A technical experience entrepreneur is defined as the founder and current owner manager of technology based business.
Detailed explanation-4: -Family businesses are important, not only from a financial point of view, but also because provide long-term stability in the labor market because of the responsibility they show to communities, since they convey values and knowledge.
Detailed explanation-5: -Small business entrepreneurship is a business that is privately owned and operated. People interested in this type of entrepreneurship usually make enough profit to support their family and a modest lifestyle. They typically hire local employees and family members.