Family V/s Professional Run Business


0
178 comments

business professional

Advertisement

It’s really difficult sometimes to talk about both the type of businesses as both have positive and negative aspects.

In a family owned business, the relatives or members are so closely associated and have good mutual understanding between each other. They could support each other emotionally and even at every stage of business. But at some or other point it lacks professionalism while doing business or managing it because the members in it lacks professional conventions and concepts which are required in business. It also lacks out of box thinking which helps in any business to explore and expand.

But while talking about professional run business all the dealings and relation with colleagues are professional and practical and there are no emotional support as it is said “there are no sentiments in business”. While even taking charge of social responsibility there are returns which the business thinks about. It always thinks about returns, profit and the business and the members who are its part are well-aware of modern principles of management which helps them to explore, expand and diversify faster than family owned business.

So both the business are good in their own way and it depends on the way how a person looks on it….means their perception……..

Sayonara!

I m not a has-been I m a will-be

Advertisement
The following two tabs change content below.

dhara

I am Dhara Shah, a BMS graduate, a friendly person with a happy go lucky nature but cannot stand by lies in front of me, sometimes stubborn as well. I am fun loving kinda person and talkative too.

Like it? Share with your friends!

0
178 comments
dhara

I am Dhara Shah, a BMS graduate, a friendly person with a happy go lucky nature but cannot stand by lies in front of me, sometimes stubborn as well. I am fun loving kinda person and talkative too.

178 Comments

  1. I am doing my part time mba. I have to submit a assignment in my college namely “Family vs Professional Business”.

    Can u help me in this regards.

    Email me some material in my ID.

    I will be thankful to u.

    ok,

    Reena….

Ask Us On WhatsApp
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format