Get premium membership and access revision papers, questions with answers as well as video lessons.

Bens 210: Family Business Management Question Paper

Bens 210: Family Business Management

Course:Bachelor Of Entrepreneurship And Small Business Management

Institution: Chuka University question papers

Exam Year:2013

CHUKA

UNIVERSITY

UNIVERSITY EXAMINATIONS
EXAMINATIONS FOR THE AWARD OF DEGREE OF BACHELOR OF ENTREPRENEURSHIP AND SMALL BUSINESS MANAGEMENT
BENS 210: FAMILY BUSINESS MANAGEMENT
STREAMS: BENS 210 TIME: 2 HOURS
DAY/DATE: WEDNESDAY 17/4/2013 8.30 AM – 10.30 AM
INSTRUCTIONS:

ANSWER QUESTION ONE AND ANY OTHER TWO QUESTIONS.

1. (a) Discuss the differences and similarities among family business and non-family
businesses [12 Marks]

(b) Explain the benefits that result form family involvement in the business.
[8 Marks]

(c) As a recent graduate in business administration you are headed for a job in the
family business. Discuss the challenges that you are likely to face and explain how you would overcome them. [10 Marks]

2. (a) Discuss the merits and demerits of a family business. [10 Marks]

(b) Describe the 3-cycle model of the family firm and its implication. [10 Marks]

3. Family business are passed on from generation to generation usually by way of inheritance. As in any other establishment, it is important to ensure that successors are well prepared to carry on with the business. Discuss the process involved in the succession planning and what you consider to be hinderances to succession planning in Kenyan African family businesses. [20 Marks]

4. (a) Explain at least three reasons on the need to professionalize family business
management and explain three alternative methods for integrating professional management into the family firm. [12 Marks]

(b) Explain the need for good corporate governance in a family firm and highlight at
least four principle of good corporate governance. [8 Marks]

---------------------------------------------------------------------------------------------------------------------

Bens 210: Family Business Management Question Paper

More Question Papers

Popular Exams