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

In the modern world, there are several forms of business. A large number of today's

businesses

are run by family

members

.

Although

family-run

businesses

can avoid a breach of confidentiality, in my opinion, the downside of it greatly outweighs its upside because

companies

eventually face a lack of creativity. On the one hand, one of the positives of family-run

businesses

is that

companies

can keep secrets.

This

is because family

members

will not cheat each other, and they can make an effort to flourish their

businesses

in cooperation .

For instance

, in many Southeast countries

such

as Malaysia, Singapore, and Indonesia, people often establish family-run

businesses

to avoid their employees betraying them.

However

, I do not think

this

could be the primary upside of family-run

businesses

overwhelmed their downside since

this

kind of cheating can be prevented if people make an agreement when they hire someone.

On the other hand

, one of the drawbacks of

this

type of business is the shortage of creativity and innovations. The major reason for

this

is that family

members

are alike in thinking ways.

Therefore

, they hardly come up with something new unless they take in them from hiring someone else.

For instance

, in Japan, real estate films are mostly family-run

businesses

, and they cannot beat foreign capital

companies

due to the lack of ideas. I agree with

this

point of view because films' major achievement is to gain more profits. To conclude, even though

businesses

will not suffer from a breach of confidentiality if they are conducted by family

members

because family

members

can work hard and barely cheat family

members

, I believe that the negatives of family-run

businesses

greatly overwhelm the upside as

companies

cannot innovate something new to gain more profits without hiring someone other than their family

members

.