IELTS Essay Topics with sample answer.
IELTS Essay # 1353 - Families to own and run their own businesses
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IELTS Writing Task 2/ IELTS Essay:
You should spend about 40 minutes on this task.
Write about the following topic:
In many countries, it is common for families to own and run their own businesses. Some people think this is the best way to run a business, while others consider this a potential source of problems.
Discuss both these views and give your own opinion.
Give reasons for your answer and include any relevant examples from your own knowledge or experience.
Write at least 250 words.
The ownership and operation of family businesses are prevalent in many countries. While some individuals view this as an ideal approach to running a business, others perceive it as a potential source of challenges. In this essay, we will examine both perspectives and argue that while family ownership has its benefits, it may lead to inherent problems that can hinder sustainable business growth.
Supporters of family-run businesses often highlight the strong sense of unity and loyalty within these enterprises. Family members working together tend to share a deep bond and commitment to the success of the business. This cohesion can create a conducive environment for effective communication, efficient decision-making, and a shared vision for the future. For instance, "ABC Electronics," a family-run company in the UK, has maintained its reputation for decades due to the family's unwavering dedication to quality and customer satisfaction. Their strong ethical values and personalized customer service have earned them a loyal clientele, contributing to their continued success.
On the other hand, critics of family ownership cite several challenges that can arise in such enterprises. One significant issue is the potential for conflicts and disputes among family members regarding business decisions and roles. Personal dynamics and emotions may influence important choices, leading to suboptimal outcomes and inefficiencies. Moreover, nepotism and favouritism could be detrimental to the company's overall performance. In family-run businesses, qualified non-family members may be overlooked for key positions, undermining meritocracy and hindering innovation.
In my opinion, while family-run businesses can offer advantages like strong cohesion and long-term vision, I believe that they may face more significant challenges in the long run.
In conclusion, family-run businesses have their merits, including unity and commitment. However, the potential problems they face, such as conflicts and nepotism, should not be overlooked. While the family business model may work well in some cases, it may not be the best approach for achieving sustainable success in a rapidly changing business landscape.