Family owned business vs. professionally run businesses
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30 comments Page 3 of 3.
Aravind said:
1 decade ago
I agree with Sharan and Kapils thoughts but either it may be a family owned or professional business the success will depends on ability of the concern, in the family owned business easy way to enter in to market but the sustainability depends on the concern ability. But professional business will create more job opportunity for the society and innovation also made from this kind of business.
(8)
Shanthan said:
1 decade ago
In current scenario, Family owned business does not has any importance coz its main objective is to earn Profit.They wont treat customers well.
Wherareas in Professionally runned b'ness they give importance to customers.. they produce goods as per customer needs..Here Customer Satisfaction is given more Imp..
So, In my Opinion Professionally runned b'ness is better than Family Owned B'ness
Wherareas in Professionally runned b'ness they give importance to customers.. they produce goods as per customer needs..Here Customer Satisfaction is given more Imp..
So, In my Opinion Professionally runned b'ness is better than Family Owned B'ness
(9)
Ishika said:
1 decade ago
Hello friends. I agree with kapil that scenario in family business is different from professionally owned business. There is no guarantee how long professional be in the business. Although in family business members be more sensitive about goodwill and try to take more advantage of upcoming opporctunities for there business maximization.
(17)
Rohit said:
1 decade ago
Ya even I agree with Kapil that if professional runs a business, he concentrates on self improvement rather than the business. Because there is no guarantee how long he will be with the same business. But if it is a family business the family person will try to maintain the goodwill of the business rather than the self improvement.
(4)
Rajesh said:
1 decade ago
I agree with Aravind. In professional business there are much of innovative ideas rather than same ideas as coming from family business.
More over in family business, the concern person may not take his own decisions in some situations, but in professional business all decisions will be taken by that concern person only.
More over in family business, the concern person may not take his own decisions in some situations, but in professional business all decisions will be taken by that concern person only.
(4)
Neelamegam said:
1 decade ago
Hello friends I support to professionally run a business why I am saying this is family business in the sense there more conflict occur from our family members itself so they unable to concentrate the business they concentrate to solve the inner problems they examples birla groups, tata groups reliance groups etc.
(4)
Sharan said:
1 decade ago
I agree with you guys, the family owned business have less risk in competitive world, but the person who s having a passion to success will always think about their business only. So he will grow up constantly. I think professionalism in business as well as life s very important.
(4)
BMGIndia said:
1 decade ago
Family business helps because the next generation leaders get the benefits of foundation and trade repute. Young entrepreneurs can boost up the results of family business by applying strategic policies as driven by Six sigma, lean and D4 theories.
(25)
Saurabh said:
2 decades ago
I really agree with Kapil that in professional run business one is only think avout him only, not for the business. Whatever the loss to bussiness, he don't care, he only cares about to secure the job.
(2)
BHUPENDRA MERAWAT PUNE said:
1 decade ago
I also agree with Saurabh because now a days professionally business is competitive job so everybody attention on his/her job. Only expected profit.
(3)
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