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.

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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

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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.

divya6112Sun 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?

Nowadays many people choose to be self-employed, rather than to work for a company or organisation. Why might this be the case? What could be the disadvantages of being self-employed? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

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Some people think that managers alone should make decisions in the company, while others think that employees should be involved in the decision-making process too.​ Discuss both views and give your own opinion. ​

Smart devices have put all of the world’s information at our fingertips. The benefits of this development are obvious, but what are the drawbacks?

Some people think that managers alone should make decisions in the company, while others think that employees should be involved in the decision-making process too. Discuss both views and give your own opinion.