What are the advantages and disadvantages of working in a family business? Why?

Family management pays too much attention to human feelings and ignores system construction and management. This management mode makes the interpersonal relationship within the enterprise harmonious and brings harmonious benefits to the enterprise. However, an enterprise is not a family, but a social and economic organization. There are some differences and conflicts between the personal goals and interests of its members and those of the enterprise, especially between employees who are not related by blood, and between employees and managers and relatives or cronies. There must be an objective and fair standard, and the behavior of all members can be restrained by a unified system and discipline, so as to form an objective and fair management mechanism and a good organizational order.

The role of family business managers is very prominent. Their moral conduct is correct and their style is rigorous, which has played an exemplary role in contributing to public welfare undertakings. Their professional quality also needs a skill. Many of them are compound talents, not only experts in a certain technical field, but also savvy businessmen and public relations experts. Many subordinates are limited to play their role because of their talents, and the growth of talents is restrained, forming absolute personal authority. Therefore, this kind of enterprises often have the phenomenon of "success is also Xiao He, failure is also Xiao He". At the same time, when this person is absent or abdicates, there will be a shortage of talents and a power vacuum in the organization, which will cause the enterprise to be in an unorganized state for a period of time.

The phenomenon of cronyism in family management is serious. When they deal with interpersonal relationships, they apply it according to their closeness rather than seniority, so there is a difference between "one's own" and "outsiders" in the organization, resulting in a familism atmosphere of "brothers fighting, father and son fighting". In order to survive, outsiders often cling to the trend and form factions of "your group" and "my group". Sometimes, in order to protect the interests of "outsiders", they will unite against managers or "own people", causing internal disputes in enterprises. Therefore, family management is either unity and harmony, or internal division and factional disputes.