Many business in the world today are run by family members. Do the advantages of family-run business outweigh the disadvantages?

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Operating a family business has become an integral part of the rising debate in the present world. While proponents of the argument are in favour, the opponents are completely against the relevance of the statement. In my opinion, family-run businesses have more positive impacts than negatives around the globe. In

this

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essay, I will discuss both advantages and disadvantages of the statement.

Firstly

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, on one hand, there are a number of arguments in favour of my belief. The most prominent one is that the knowledge is passed over years through experience. It is a known fact that being closely associated with the organization given the members of the family immense knowledge and experience in comparison to newly hired person or outsider.

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, according to research conducted by Western Sydney University, a business

that is

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operated within the tight-knit shows better results in comparison to others.

On the other hand

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, critics may point out that one of the most significant disadvantages of the passes power is that some individuals are not responsible.

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, a survey conducted in the US reveals that, having seen their parents spending time on the organization most of their life they do not wish to carry it forward and dismiss from their responsibility.

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, it might not be useful for the growth of the organization indeed. To conclude, even when there are a lot of demerits associated with the statement, the advantages outweigh the disadvantages.

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, I believe that the efficient use of the opportunity should be promoted;

however

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, its excessive and misuse should be condemned.

Submitted by divya6112 on Sun Aug 22 2021

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meeting the goal of 7 or more
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meeting the goal of 3 or fewer
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Overall Band Score

Coherence and Cohesion: 9.0

Logical structure

Introduction & conclusion present

Supported main points

Accurate linking words

Variety in linking words

Lexical resource: 9.0

Varied vocabulary

Accurate spelling & word formation

Grammatical Range: 9.0

Mix of complex & simple sentences

Clear and correct grammar

Task Achievement: 8.0

Complete response

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

263 words

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Topic Vocabulary:

trust and loyalty
long-term interest
benefit future generations
efficiency and flexibility
common goals
reduced costs
personal conflicts
decision-making paralysis
operational challenges
lack of professionalism
necessary skills
succession problems
transitioning leadership
power struggles
disagreements
sustainability
limited network
professional network
growth opportunities
non-family-run businesses

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Many business in the world today are run by family members. Do the advantages of family-run business outweigh the disadvantages?

With the increased global demand for oil and gas, undiscovered areas of the world should be opened up to access more resources. To what extent do you agree with this statement?

MANY UNIVERSITY STUDENTS LIVE WITH THEIR FAMILY WHILE OTHERS LIVE AWAY FORM HOME BECAUSE THEIR UNIVERSITY IN A DIFFERENT PLACES. WHAT ARE THE ADVANTAGE AND DISADVANTAGE OF THE SITUATION.

Some people think that wild animals should not be kept in zoos. Others believe that there are good reasons for having zoos. Discuss both these views and give your own opinion.