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
,
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apply
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but
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
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life issues
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and
ability
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the ability
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to decide quickly. The main reason is that a run-family
business
includes many possible
members
such
as parents, wives, husbands, children, or next generations who can take the roles of
the
Correct article usage
apply
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board
members
and employees.
As a result
, there are many fantastic benefits associated with working with
beloved
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loved
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ones. One good illustration of
this
is a family-owned
business
can have
ability
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the ability
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of swift decisions, especially when deadlines are tight and determinable actions must be taken. If all
members
are in close
communications
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communication
show examples
, these decisions can made easily for the good of
a
Correct article usage
the
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whole organisation.
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
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the founder
a founder
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of a famous cosmetic firm, shared that she had
involved
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been involved
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in many elements of
company
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the company
a company
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such
as designing, marketing,
training
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and training
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, …
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
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apply
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great pressure on future generations to keep
business
going, even
they
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if they
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have no real interest in doing so.
Therefore
, the company can be led to be worse and worse
due to
unenthusiastic management.
Furthermore
, family
business
strongly
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is strongly
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bases
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based
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on trust but trust alone is not the best way.
For example
, in 2017, the Samsung Group chairman sole stock to his son with unfairly low
price
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prices
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which showed a negative structure. In conclusion, it is commonly thought that running own
business
will help to develop
economy
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the economy
an economy
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for not only the family but
also
for
country
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the country
show examples
. 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
of
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apply
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non-family organisations have good structures and
managements
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management
show examples
.
Submitted by yeshomeclass on

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