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Business strategy
Managing a family business_Ups and downs involved.
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[QUOTE="Axis, post: 309375, member: 66672"] Managing a family-owned business could be a good activity and could be a good importance a necessity because managing a family-owned business will bring unity in the business environment and will also bring cordial management of activities within and outside the business organisation. But you know as much as they will be unity in the business organisation that is a family-owned business it is important that we the mindful of the demerits and the disadvantages of managing a family-owned business for example they would be conflict of personalities and attitude. Personality is an attitude you will definitely be seen what is absolutely the satisfactory to the growth and development of any business organisation which could lead to tribal war and discrimination among business due to their familiarity with each other. Professionalism in a family-owned business might not be maintained for long which absolutely could be irritating so customers and clients will come into the business organisation due to the fact that each person else are familiar with each other. [/QUOTE]
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