More and more companies in recent times, are being owned by families. Although, it allows for the effective and efficient running of the enterprise, there is also the problem of nepotism. In my opinion, the positive effects of establishments being owned amd managed by people related by blood or bond are far greater than the negatives. A lot of very successful businesses globally are run by a family, whether nuclear or extended. This gives room for the continuity of wealth and preservation of legacies. Various families have different mission statements and patterns of transactions which they have inconcated into their brands over the years. In addition, there is a lot of understanding and effective communication along the chain of command so the companies operate smoothly. On the other hand, family-run establishments are prone to bias especially in leadership. People employ their loved ones regardless of academic qualifications and competence. All in the bid to keep the...