Lucas' essay plan

The advantage and disadvantage of family business
Introduction:
•What is family business?
• Background information about family business
• whether the family business is good?
-advantage →The decision-making efficiency, Potential inspire, Good cooperation, Fast initial financing
-disadvantage →Family conflicts, Family business management system conflict with modern enterprise management system, High-risk decision-making
• Conclusion
Body:
1. Advantage
a. Family business has strong adaptability
b. Family members do their best to improve the efficiency of the family business
c. The demand of inspiring is very low
d. Family business can get start-up capital easily and quickly
2. Disadvantage
a. Family conflicts will penetrate the governance of family business
b. Family business management system conflict with modern enterprise management system ,so it will restrict the development of family business
c. Business environment change fast. It is easy to lead to the decision-making mistakes in family business
3. Argument for the disadvantage?
a. We should coordinate the relationship between family members
b. Improve the family leader’s traditional opinion is also very important
c. Management System Innovation is good for family business
Conclusion:
-Summary the whole essay