Some people think that the best way to run a business is within the family. What are the advantages and disadvantages of a family-run business?

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As an inevitable product of economic prosperity, the growing tendency towards operating family-owned companies has made a paradigm shift in the general employment mindset.

Although

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its benefits, in the long run, can be pronounced, they are not without limitations. There are several advantages underlying

this

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phenomenon.

First,

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strengthening the family bond is one of the intangible merits of establishing a family firm. Since family members from different generation categories collaborate as a united entity to reach a consensus on employment strategies, it is conducive to enhancing mutual understanding within them.

Second,

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not only act as an incentive for the potential heirs of the work, but family firms’ captivity towards tackling fiscal challenges

also

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overruns their counterparts. When privacy in manufacturing processes and secret recipes are not leaked to a third party, family firms retain their monopoly position in a specific field which allows them to earn profit exclusively.

However

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, family firms suffer from several downsides. By working on the same projects, it is susceptible to widening the generation gap when seniors with conservative viewpoints, which have always been overpowering based on our culture, will alienate younger ones.

For instance

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, traditional methodology overdirecting the company’s framework may frustrate young employers with a sense of being disowned since nothing can be implemented against those solid principles.

On the other hand

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, the reinforcement of family connection is vulnerable to inheritance processes. Even if there are practical measurements in determining the selector, bequeathing the whole family’s fortune to a single individual will raise rivalry, which has an adverse bearing on the firm intrinsic values. In conclusion, given the advantages of constructing a family-owned company, its limitations need to be fully conceived. By thoroughly examining shortcomings, a business can keep them at bay.

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Support ideas with relevant, specific examples

Examples make your writing easier to understand by illustrating points more effectively.

Examples, if used properly, not only help you get higher marks for ‘Task Response’ but also for ‘Coherence’.

When giving examples it is best to put them after your main idea or topic sentence. They can be used in the middle of supporting sentences or they can be used to start a new sentence. There is no rule for where exactly to give examples in essays, logically they would come after your main idea/topic sentence or just after a supporting sentence.

Linking words for giving examples:

for example
for instance
to illustrate this
to give a clear example
such as
namely
to illustrate
take, for example

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8
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meeting the goal of 7 or more
0
Word repetition
meeting the goal of 3 or fewer
0
Grammar mistakes
detected issues

0123456789.0505

Overall Band Score

Coherence and Cohesion: 6.0

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: 5.0

Complete response

7.5

Clear & comprehensive ideas

Relevant & specific examples

Appropriate word count

4 paragraphs

288 words

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Topic Vocabulary:

loyalty
trust
communication
generational knowledge
long-term outlook
family traditions
stability
cost-effective
flexible payment arrangements
conflict
tensions
roles
diversity
external perspectives
innovation
adaptation
succession planning
instability
leadership
ownership

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Some people think that the best way to run a business is within the family. What are the advantages and disadvantages of a family-run business?

Support ideas with relevant, specific examples

To succeed in a business, one needs to know math, rather than soft skills and luck. To what extent do you agree or disagree with this statement?

Some people think that teenage years are the happiest times of most peoples lives.others think that adult life brings more happiness in spite of greater responsibilites . Discuss both veiws and give your opinion.

The crime rate nowadays is decreasing compared to the past due to advances in technology that can prevent and solve crimes. To what extent do you agree or disagree?