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What is the disadvantages and advantages of running a family business?

What is the disadvantages and advantages of running a family business? DY5Y6
It is no wonder that working with the family members has some conflicts between each other in the workplace as we have in personal life. There are a few factors that cause business failure and conflicts between family members and non-family staff. Firstly, different point of views and personality of each family member leads to conflicts in doing business. For example, some of the family members are not convinced by the ideas you come up with and even worse they think that your idea will result in business destruction. When both sides cannot be able to make compromise, dispute occur. Secondly, conflicts that take place in family business can bring to the personal home life, tearing the closeness between siblings, spouse and parents apart. In other words, conflicts arise when the family responsibilities and the work responsibilities interfere each other, resulting in interrole conflicts. It is not easy to get rid of the personal feelings on your family members in the workplace (Tregurtha n. d. ). Thirdly, delays and emotional involvement in deciding business succession cause drawback. Family members do not take much actions on discussing business succession, which is unprofessional attitude towards the business (Agarwal 2012). The lack of future planning heading straight to wrong decisions and business failure. Furthermore, every family member wants to be successor in most cases. Competition between siblings becomes intense as different family members are longing for the same position. In this case of deciding on successors for the business’s continued success, the current owner should be focus on objectives rather than emotions so that the business will still be making progress and lasting into the second generation. Finally, showing favoritism upon family members create inequality and frustration for non-family staffs. Due to inherent love among family members, non-family employees get less chance of promotion and therefore they might feel apathetic on the business activities.
It is no wonder that working with the
family
members
has
some
conflicts
between each other in the workplace as we have in personal life. There are a few factors that cause
business
failure and
conflicts
between
family
members
and non-family staff.
Firstly
,
different
point of views and personality of each
family
member
leads to
conflicts
in doing
business
.
For example
,
some of the
family
members
are not convinced by the
ideas
you
come
up with and even worse they
think
that your
idea
will result in
business
destruction. When both sides cannot be able to
make
compromise, dispute occur.
Secondly
,
conflicts
that take place in
family
business
can bring to the personal home life, tearing the closeness between siblings, spouse and parents apart.
In other words
,
conflicts
arise when the
family
responsibilities and the work responsibilities interfere each other, resulting in
interrole
conflicts
. It is not easy to
get
rid of the personal feelings on your
family
members
in the workplace (
Tregurtha
n. d.
)
.
Thirdly
, delays and emotional involvement in deciding
business
succession cause drawback.
Family
members
do not take
much
actions on discussing
business
succession, which is unprofessional attitude towards the
business
(Agarwal 2012). The lack of future planning heading straight to
wrong
decisions and
business
failure.
Furthermore
, every
family
member
wants to be successor
in most cases
. Competition between siblings becomes intense as
different
family
members
are longing for the same position.
In this case
of deciding on successors for the business’s continued success, the
current
owner should be focus on objectives
rather
than emotions
so
that the
business
will
still
be making progress and lasting into the second generation.
Finally
, showing favoritism upon
family
members
create inequality and frustration for non-family staffs. Due to inherent
love
among
family
members
, non-family employees
get
less chance of promotion and
therefore
they might feel apathetic on the
business
activities.
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IELTS essay What is the disadvantages and advantages of running a family business?

Essay
  American English
1 paragraphs
311 words
5.5
Overall Band Score
Coherence and Cohesion: 5.0
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Lexical Resource: 5.0
  • Try to vary your vocabulary using accurate synonyms
  • Use less common question specific words that accurately convey meaning
  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.0
  • Use a variety of complex and simple sentences
  • Check your writing for errors
Task Achievement: 5.0
  • Answer all parts of the question
  • ?
    Present relevant ideas
  • Fully explain these ideas
  • Support ideas with relevant, specific examples
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    Currently is not available
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