Question: please list FIVE key takeaways from the class that connect with your learning and discuss one in detail. Maximum 500 words. The topic is The

please list FIVE key takeaways from the class that connect with your learning and discuss one in detail. Maximum 500 words. The topic is The Family Business.

advantages of a family business:

  • Trust among family members
  • Loyalty to the family
  • Commitment
  • Knowledge
  • Long-range thinking
  • Close communication

disadvantages of a family business:

  • Mistrust by nonfamily employees of incompetent family employees
    • Nepotism The practice of employing relatives.
  • Lack of loyalty to the firm
  • Entitlement
  • Lack of knowledge
  • Demand for instant gratification
  • Failure to communicate

1. Identify and list five distinct takeaways (your points will be deducted if you list less).

2. Focus on one takeaway and provide details about it from the live session( THE FAMILY BUSINESS).

3. Finally, combining that learning from a current WSJ news item that is recent (no older than three months).

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