Ownership, control, and governance changes radically across the world

The answer is false, as rationalized below.

The first part of this question is true. The publicly traded company is not the dominant global business organization; the privately held or family-owned business is the prevalent structure. However, the second part of this question is false. Business goals and measures of performance do not differ dramatically across structures. While private business maintain a longer-term perspective and are less influenced by the pressure or quarterly earnings calls, both types of firms strive to maximize profits, and both firms use many of the same performance metrics to analyze and manage liquidity, solvency, profitability, and efficiency.