It is sometimes thought that the most efficient way to run a
is within the family. Family members who are running a
together will
harder and be more dedicated, but there are
drawbacks to be taken into account.
, one evident benefit of a family running a
together is directors or managers who are family members can
harder and be more dedicated. To put it another way, when a group of relatives works in their own
, they will make sure
to be a leading
in their fields and make a considerable profit every year, unlike other employees.
, a family run
would be advantageous because family members trust each other, and
schedules can be adjusted and cover easily found.
, decisions can be made that benefit the entire family.
, family members have a shorter learning curve because they have grown up with the
.
will result in reducing the rate of errors in the
, and
will facilitate communication between staff.
, the
atmosphere will be relaxed.
, one problem of a family run
is that there might be a bias toward promoting family members ahead of non-related
staffthe tangible substance that goes into the makeup of a physical object
.
means that non-family employees will find it difficult to integrate with the job and remain loyal to the
.
, if an employee who is working hard to increase a
’s sales, but he noticed that one of his boss’s family got a promotion
of him.
will have more negative consequences on the
in the long run. Another possible issue is that family members might not have the required skills to be successful managers or directors, resulting in mediocre
performance. Losing the right skills to run
means that ideas will become stale and fresh perspectives might be difficult to find.
,
disputes lead to family conflicts because issues become more subjective rather than objective. The unbalance in decision making is due to not all family members have the same aims
the
.
In conclusion,
a family run
can bring about more benefits to the
, it can lead to family conflicts and poor
performance.
, non-related staff will lose their loyalty because of bias promotions toward family members.