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Family Business

984 Words4 Pages

In modern society, an increasing of businesses, big and small, is setting up. State-owned businesses amount to only 25 percent while private businesses occupy 75 percent approximately. This phenomenon indicates that private business is popular among countries.What’s more, doing business as family also becomes one of the most welcome business type, and attracts more and more merchants to join in. Certainly family business contains both benefits and drawbacks, according to my estimation, I consider the advantages outweigh the disadvantages. Disciples of the belief that running family business brings a large amounts of advantages able to present a few reasons to bolster their case. One point is that they invariably make is that every family member has a sense of trust to each other. As we know, home is warm harbor, family members …show more content…

One persuasive aspect of this thesis is that family business is hard to be inherited. This is essentially because with the development of society and technology, young people tend to do what they are interested in instead of working in a insipid field such as antique, stocks, etc. Nowadays, most young people prefer to do various jobs, they pursue a kind of unconstrained attitude. Moreover, a secondary argument is that maybe someone wants to abuse his power to do illegal things. During recent years, China advocates combating corruption and building a clean government. Present Xi proposed "We must uphold the fighting of tigers and flies at the same time, resolutely investigating law-breaking cases of leading officials and also earnestly resolving the unhealthy tendencies and corruption problems which happen all around people."(Tania, 2013) Some people rely on their domestic relation with supervisor, corrupt and get promotion unlawfully. According to that, not only it’s harmful to the corporate culture,but also it hampers company’s

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