Read the text. Answer the questions using no than 5 words in a row from the text (не более пяти слов подряд из текста).
by Alexis
Writing
A family
business is a commercial venture in which family members are involved. A family
business can include many possible combinations, such as parents and children,
husbands and wives, multiple generations, and extended families taking the
roles of board members, stockholders, advisers and employees. There are some
benefits associated with a family business, but there are also some detriments
associated with undertaking a business venture with your family.
Pro: Loyalty
Family-owned
businesses are theoretically ideal because family members form a grounded and
loyal foundation for the company and because family members will often exhibit
more dedication to their common goals. Having a certain level of intimacy among
the owners of a business can help bring about familiarity with the company and
having family members around provides a built-in support system that should
ensure teamwork and solidarity. Other benefits of a family business include
long-term stability, trust, loyalty and shared values. Families also tend to be
more willing to make sacrifices for the sake of the business.
Pro: Flexibility
Families
tend to be more lenient and forgiving when it comes to work schedules,
work-related decisions and judgments, and even mistakes. In a family business,
there may be more leeway to work a flexible or part-time schedule, or to choose
your own hours, so you can tend to your children, parents or other family
members in need.
Con:
Possible Inadequacies
In a family
business, business owners may sometimes automatically promote family members or
give them a job even if they do not have adequate skills for the position. Just
because the person is a family member does not mean he will be best suited to a
given job, and a company that hires only relatives may end up having some bad
apples. Sometimes skill and work experience may be neglected. Business owners also
cannot expect all family members to love the business.
Con:
Conflict
Family
businesses bring up a lot of challenges. They can be a source of difficulty
when it comes to issues on succession, sibling relationships, and identity
development. Succession is one of the most difficult challenges that family
businesses face and can become a challenge when the older generation does not
permit the younger generation the needed room to learn, develop and grow. On
the other hand, sometimes no one in a subsequent generation even wants to
assume the leadership position in his parent's business. Oftentimes,
relationships between parents and children, or among siblings, tend to
deteriorate due to lack of communication within the family. This dysfunctional
behavior can result in judgments, criticism and lack of support.
Questions.
1) What is a family business?
2) What are the advantages of a family business?
3) What are the disadvantages of a family business?
Questions.
1) What is a family business?
2) What are the advantages of a family business?
3) What are the disadvantages of a family business?
