Advantages and disadvantages of family business management?

Family business depends on which kind, there are family shareholding but decentralization of the right to operate, and ordinary both equity holders at the same time as the operator.

Many large foreign family businesses employ professional managers to manage, family members are not involved in the day-to-day affairs of the enterprise. There is no difference between the operation of the enterprise and that of an ordinary company.

Domestic family business is a lot of family members regardless of their ability to be arranged in all positions in the enterprise. This model has a lot of disadvantages, the management level can not be guaranteed, it is difficult to implement the rules and regulations.

Another advantage of a family business is that it can develop a long-term strategy, which will not change due to changes in managers.