Some people think the best way to run a business is within the family. What are the advantages and disadvantages of a family run businesses.
From tea-stalls to large multinational corporations, the participation of family members in business operation is visible round the globe. Though many think of the loyalty that such business has to offer, the problem of not having dynamic members in management and the possibility of sudden dissolution shall be considered as well. In this essay, the benefits flowing from family’s loyalty and the problems incurring from the engagement of family members will be scrutinized.
Like other business organizations, family-operated businesses do not face the threat of sudden resignation of a key-person as close family members are given such positions. Business firms take numerous initiatives to retain loyal employees followed by high-level of expenses, but then again, a family business can enjoy similar advantage without spending a single penny. In India, for instance, large departmental shops, operated by families where the members play the managerial role, are reported to have only 1% employee turnover rate compared to 5% of other organizations. As the key persons dedicate their labor for the mutual-benefit of the family, such organizations enjoy stability as well as annual growth.
On the other hand, engaging family members in governing body reduces the inclusion of dynamic people in the team. Consequently, the capacity of the group is limited by the capability of the family. In a labor market, recruiters employ the best candidate to expect goal achievements, but a family-owned business doesn’t have that opportunity to bring candidates from open market and get results. So such firms can tremendously suffer from lack of most-required skills. Moreover, a family business faces the threat of sudden shut-down resulting from problems within the family. For example, a domestic quarrel between uncles might result in the collapse of a matured family business where both the parties will finally decide to devide the business in to parts. Though each person of the family will suffer from such situation, this is the business operation that gets terminated. The problems from inflexibility in management and the risk of erruption of family-quarrel make it a less preferred method to run a business.
To conclude, operating business by families is not only an old trend, but also a ritual in many parts of the world. Such firms offer loyalty of the management team, on the contrary faces the scarcity of specialist skills and the risk of dissolution in short-notice.
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Transition Words or Phrases used:
also, but, consequently, finally, moreover, so, then, well, as to, for example, for instance, in short, as well as, on the contrary, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 8.0 13.1623246493 61% => OK
Auxiliary verbs: 7.0 7.85571142285 89% => OK
Conjunction : 8.0 10.4138276553 77% => OK
Relative clauses : 5.0 7.30460921844 68% => More relative clauses wanted.
Pronoun: 7.0 24.0651302605 29% => OK
Preposition: 66.0 41.998997996 157% => OK
Nominalization: 13.0 8.3376753507 156% => OK
Performance on vocabulary words:
No of characters: 2119.0 1615.20841683 131% => OK
No of words: 390.0 315.596192385 124% => OK
Chars per words: 5.43333333333 5.12529762239 106% => OK
Fourth root words length: 4.44391917772 4.20363070211 106% => OK
Word Length SD: 3.10493234471 2.80592935109 111% => OK
Unique words: 210.0 176.041082164 119% => OK
Unique words percentage: 0.538461538462 0.561755894193 96% => OK
syllable_count: 672.3 506.74238477 133% => OK
avg_syllables_per_word: 1.7 1.60771543086 106% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 1.0 5.43587174349 18% => OK
Article: 8.0 2.52805611222 316% => Less articles wanted as sentence beginning.
Subordination: 3.0 2.10420841683 143% => OK
Conjunction: 3.0 0.809619238477 371% => Less conjunction wanted as sentence beginning.
Preposition: 8.0 4.76152304609 168% => OK
Performance on sentences:
How many sentences: 17.0 16.0721442886 106% => OK
Sentence length: 22.0 20.2975951904 108% => OK
Sentence length SD: 40.0278449795 49.4020404114 81% => OK
Chars per sentence: 124.647058824 106.682146367 117% => OK
Words per sentence: 22.9411764706 20.7667163134 110% => OK
Discourse Markers: 8.82352941176 7.06120827912 125% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 0.0 5.01903807615 0% => OK
Sentences with positive sentiment : 9.0 8.67935871743 104% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 2.0 3.4128256513 59% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.209284220075 0.244688304435 86% => OK
Sentence topic coherence: 0.0685806603423 0.084324248473 81% => OK
Sentence topic coherence SD: 0.0394245761458 0.0667982634062 59% => OK
Paragraph topic coherence: 0.116922771859 0.151304729494 77% => OK
Paragraph topic coherence SD: 0.0557213975662 0.056905535591 98% => OK
Essay readability:
automated_readability_index: 15.6 13.0946893788 119% => OK
flesch_reading_ease: 40.69 50.2224549098 81% => OK
smog_index: 11.2 7.44779559118 150% => OK
flesch_kincaid_grade: 13.1 11.3001002004 116% => OK
coleman_liau_index: 14.51 12.4159519038 117% => OK
dale_chall_readability_score: 9.22 8.58950901804 107% => OK
difficult_words: 111.0 78.4519038076 141% => OK
linsear_write_formula: 16.5 9.78957915832 169% => OK
gunning_fog: 10.8 10.1190380762 107% => OK
text_standard: 11.0 10.7795591182 102% => OK
What are above readability scores?
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Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.