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 Use synonyms
members
. Use synonyms
Although
family-run Linking Words
businesses
can avoid a breach of confidentiality, in my opinion, the downside of it greatly outweighs its upside because Use synonyms
companies
eventually face a lack of creativity.
On the one hand, one of the positives of family-run Use synonyms
businesses
is that Use synonyms
companies
can keep secrets. Use synonyms
This
is because family Linking Words
members
will not cheat each other, and they can make an effort to flourish their Use synonyms
businesses
in cooperation . Use synonyms
For instance
, in many Southeast countries Linking Words
such
as Malaysia, Singapore, and Indonesia, people often establish family-run Linking Words
businesses
to avoid their employees betraying them. Use synonyms
However
, I do not think Linking Words
this
could be the primary upside of family-run Linking Words
businesses
overwhelmed their downside since Use synonyms
this
kind of cheating can be prevented if people make an agreement when they hire someone.
Linking Words
On the other hand
, one of the drawbacks of Linking Words
this
type of business is the shortage of creativity and innovations. The major reason for Linking Words
this
is that family Linking Words
members
are alike in thinking ways. Use synonyms
Therefore
, they hardly come up with something new unless they take in them from hiring someone else. Linking Words
For instance
, in Japan, real estate films are mostly family-run Linking Words
businesses
, and they cannot beat foreign capital Use synonyms
companies
due to the lack of ideas. I agree with Use synonyms
this
point of view because films' major achievement is to gain more profits.
To conclude, even though Linking Words
businesses
will not suffer from a breach of confidentiality if they are conducted by family Use synonyms
members
because family Use synonyms
members
can work hard and barely cheat family Use synonyms
members
, I believe that the negatives of family-run Use synonyms
businesses
greatly overwhelm the upside as Use synonyms
companies
cannot innovate something new to gain more profits without hiring someone other than their family Use synonyms
members
.Use synonyms
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