50 – A family business (Unit 5)

Family Business

Do you like the idea of working in a family business? Explain in a paragraph (75 words).

To help you prepare your answer, think about:

  • the challenges the An family must have had,
  • why the An family was able to be successful,
  • why many family businesses do not last for more than one generation,
  • why the Bancroft family decided to sell The Wall Street Journal.

Your paragraph is DUE FRI 23 MAY, 11:59 pm  

  19 comments for “50 – A family business (Unit 5)

  1. Ji-Young 50
    22 May 2014 at 10:52

    I don’t like the idea of working in a family business. There are many reasons that I don’t like the idea of family business. The An family was able to be successful because they agreed each other very well. But the average family often disagree each other because most people have their own opinion. In business field, they need many decisions. Many decisions need the agreement of opinions. It is important to talk each other and listen other member’s opinion. But older generations’s opinion and younger generations’s opinion are different. Even they have different goal like the Bancroft family. Therefore I don’t like the idea of working in a family business.

    • Hee Jin 50
      25 May 2014 at 18:26

      I agree with your opinion. Also i think that older generation tends to ignore younger generation’s opinion in family business.

  2. A Ra 50
    22 May 2014 at 18:18

    I like the idea of working in a family business. Because a family have responsibility. So they work hard. And I think they are funny and comfortable working with their family. A family live house together. So they can talk everyday. So they solve their business problem wise. A family can apply their opinion that thier family agreed. And they become more and more familiar. So I like the idea of working in a family business.

  3. Yu-rim 50
    23 May 2014 at 01:15

    I like the idea of working in a family business.
    there are some reason why i like this idea
    first, family business through family relation stuck together. so they easily overcome a crisis family.
    second, business member comprise family therefore they are united.
    also they need not employ new staff.
    finally, it is easy for family to talk inconvenience and improvement to each other.
    thus i like family business.

    • Jin-Young Kim
      25 May 2014 at 19:45

      I agree your opinion. Family business is good for share opinoin.

  4. youn-ji 50
    23 May 2014 at 06:18

    I like the idea of working in a family business.
    First, to do if you have any inconveniences or improvements can be fixed right away.
    Second, because one of the family and other people do not notice, you can do comfortably.
    Finally, the good I can manage money.
    In this respect, also because of my family’s business.

  5. Ji-hye 50
    23 May 2014 at 20:41

    I don’t like the idea of working in a family business. The An family had great success in a family business because they respect other person’s own ideas. Also they seperate thier working part which matches their strengths. I think that is possible to An family because they are large family. But my family is not. And I think my family won’t have clear responsibilities. If work together with very close people, I will be lazy. Futhermore family is very close people so they don’t talk carefully and respect the other person’s idea. So I don’t want to work in a family business.

  6. Ji-yeon
    23 May 2014 at 22:21

    I like the idea of working in a family business.
    Because the family relationship is the best in world, so they can work more confortable and happy.
    When unexpected situations arise, easy to understand each other.
    The other important reason is the reduced labor costs.
    If have a small income, they do not pay monthly salary. And it is okay defer to a later.
    So I think the idea of working in a family business is very good system.

  7. Lee So Eun 50
    23 May 2014 at 22:29

    I like the idea of working in a family business.
    They don’t have to spend unnecessary money to employment employee.
    Because all family members are employee.
    They work in comfortable and relaxed atmosphere.
    Relaxed atmosphere improves the creativity.
    They can preserve their business secret. Because others don’t intervention in business.
    Also they can have all the income. So they can have more money.
    As a result, the idea of working in a family business is good.

    • Kyoeng Min 50
      23 May 2014 at 22:56

      Oh, I agree fully with your opinion. Especially, I think that they work in comfortable and relaxed atmosphere too.

  8. Kyoeng Min 50
    23 May 2014 at 22:53

    I like the idea of working in a family business. bacause of family business’ utility. If business is not a global conglomerate, family business is more useful. There are many benefits of family business.The first example of benefits is that use strenghts of family members. Because family members know about strenghts of each other. The second example is in family business, They exchange own opinion easily. Because they feel comfortable in family business situation. For such a reason that I insist, I agree with the idea of working in a family business.

  9. HyungSun 50
    23 May 2014 at 23:32

    I like the idea of working in family business. because they understand each other.
    for example An’s family understand each other so much they can success.
    nowadays many family businesses do not last for more than one generation. I think they don’t communication. that’s why family business can’t last for more than one generation.
    if they want to success each family members talk each other, share they idea and emotion.

  10. Min-Ah 50
    24 May 2014 at 17:21

    I like the idea of working in family business. Because employee’s motive itself is different.
    If employees are working to help the family, regardless of supply and demand, if they will work hard for the family. But part-timer will just work to meet working hours, and they will not use all their ability. Then efficiency is going to fall. So I think that family business is better off, and family unity can build success.

  11. Kyung-Jin 50
    24 May 2014 at 20:13

    I don’t like the idea of working in a family business. If i have a family business, salary will be difficult. Because the family,I’m sorry that receiving money. And i think the company’s success secret is discomfort because work for a boss,discomfort existence. (Of course may not be) but family business is too comfortable that is no motivation. If i have a restaurant and want family business but my child want other way,i encourage my child.

  12. Chaehyun 50
    24 May 2014 at 22:59

    I like the idea of working in a family business. Because family businesses have many advantages. First family know each other very well. So they understand each other so easily. And they can gether many opinions so easy. Next family always have a sense of responsibility about work. General employee often work for money and honor. But to family, the shop is their shop so they work very harder. And they meet every day and work together, they are more friendly than meet once a week or once a month.

  13. JIN SUNG JANG,50
    25 May 2014 at 12:51

    I like the idea of working in a family business. becasue they have responsibility
    I think they work more responsibly than others. In addition, they looked at each other for a lifetime, and grew up, and they will see the future. In such situations, Do not you think they work really? Probably will. Of course, over time, they will often suffer as running a business. However, the unity of the family, but not broken, it will be harder. After experiencing difficulties in their unity is more stronger. so I think its a good idea

  14. Hee Jin 50
    25 May 2014 at 18:19

    I don’t like the idea of working in a family business.
    There are some reason for my thought.
    First, work discipline is able to slack.
    Second, workers tend to give task a lick and promise.
    Third, it is easy to fall into idleness.
    Those are because family member is on familiar terms with each other too much.
    In usual companies, workers are stranger each other, so they act prudently.
    In contrast with those usual companies, workers in family business are so informal, so they are prone to make some mistakes.
    Therefore i don’t like the idea of working in a family business.

  15. Hye-mi 50
    25 May 2014 at 19:23

    I like the idea of working in a family business. There are some reason.
    First, Family members are more understand each other than dther people.
    For example An’s family can success. Because they understand each members.
    Second, Family is the most reliable people.
    So Family believe each members, give work to family.
    Third, Family is comfortable and relaxed relationship.
    So, people can business confoetable.
    I think family business that the best business relationship.

  16. Jin-Young Kim
    25 May 2014 at 19:42

    I like the idea of working in a business. I think it’s good to divide the hard thing. Because if one person in family have a problem in work, then family can help the problem. But it must be careful. Family is so close each other, so working can be loose.

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