In many countries around the world, it is common for families to run their own business. Some people think that keeping the business within the family is the best approach whilst other believe this could lead to problems. Discuss both views and give your opinion.
One of the social concerns today relates to family companies. It is believed that family-owned companies are good not only for people involved
,
but Remove the comma
apply
also
for both the local and global economies. On the other hand
, others believed keeping the business
within the family could lead to problems. In my opinion, a run-family business
has more disadvantages than advantages.
On the one hand, it is agreed that owned companies have flexibility with life-issues
and Correct your spelling
life issues
ability
to decide quickly. The main reason is that a run-family Correct article usage
the ability
business
includes many possible members
such
as parents, wives, husbands, children, or next generations who can take the roles of the
board Correct article usage
apply
members
and employees. As a result
, there are many fantastic benefits associated with working with beloved
ones. One good illustration of Correct your spelling
loved
this
is a family-owned business
can have ability
of swift decisions, especially when deadlines are tight and determinable actions must be taken. If all Add an article
the ability
members
are in close communications
, these decisions can made easily for the good of Fix the agreement mistake
communication
a
whole organisation. Correct article usage
the
While
non-family business
tends to have very clear responsibilities for every role, family members
sometimes are required to wear several different hats. For example
, Estee Lauder, who was founder
of a famous cosmetic firm, shared that she had Add an article
the founder
a founder
involved
in many elements of Add a missing verb
been involved
company
Add an article
the company
a company
such
as designing, marketing, training
, …
Correct word choice
and training
On the other hand
, it is strongly believed that doing business
within a family may find it hard to survive. People often have this
opinion because there can be a
great pressure on future generations to keep Correct article usage
apply
business
going, even they
have no real interest in doing so. Correct word choice
if they
Therefore
, the company can be led to be worse and worse due to
unenthusiastic management. Furthermore
, family business
strongly
Add a missing verb
is strongly
bases
on trust but trust alone is not the best way. Replace the word
based
For example
, in 2017, the Samsung Group chairman sole stock to his son with unfairly low price
which showed a negative structure.
In conclusion, it is commonly thought that running own Fix the agreement mistake
prices
business
will help to develop economy
for not only the family but Add an article
the economy
an economy
also
for country
. Meanwhile, others assume that it certainly takes risks to own a company. Personally, I tend to believe that working in a non-family firm might be secure because most Add an article
the country
of
non-family organisations have good structures and Change preposition
apply
managements
.Fix the agreement mistake
management
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