Which concept describes a founder's values continuing to guide the firm after retirement?

• A. Entrepreneurial legacy
• B. Social entrepreneurship
• C. Strategic management
• D. Corporate governance

Answer: (A)

The idea being tested is how a founder’s values can continue to shape a company long after they step away. An entrepreneurial legacy is all about that enduring influence—the culture, norms, and priorities instilled by the founder that persist in decisions, practices, and governance even after retirement. This isn’t primarily about starting a social mission or formal management plans; it’s about the lasting imprint of those early values on how the firm operates over time. The other terms describe different topics: social entrepreneurship focuses on using business to achieve social aims, strategic management is about directing resources to meet goals, and corporate governance concerns the system of rules and oversight. None specifically capture the lasting transmission of a founder’s values in the way entrepreneurial legacy does.