12.Do you agree that it is better to work for business owned by someone else than to work for the business of one‘s own family
In the modern business world, CEOs move between different company, sometimes owning a share of the company they run and often not owning any share. Some people in the business world believe that it is either better to work for business owned by someone else or work for the business of one’s own family. However, I disagree with the statement since I believe it is too general. I believe that there should be a case by case analysis, and that working for business owned by someone else is better in some cases but less attractive in other cases.
If one is very capable, then it is better for one to work for business owned by one’s family. Inside a business of one’s own family, a person would be more trusted by other people to run the business. Since it is owned by one’s family, this person would normally try his best at maximizing the company’s (and also his own) profit. Therefore, the person would be given more opportunities to work at different important positions to understand the business more thoroughly. The person would also have a bigger chance at getting an important management position. Take the daughter of the chairman of a gigantic food corporation in the United States as an example. She went to Harvard and earned a business degree as an undergrad and was her father’s favorite child. Immediately after her return, she was given multiple opportunities inside the corporation and learned a lot from these experiences. Later on, she started working side by side with her father and initiated several successful innovations in the company that boosted the business and earned herself a path towards managing the entire company in the future. In this case, the woman is capable and strong-willed, therefore it is better for her to work for business owned by her own family.
If one is less capable, then it is better for one to work for business owned by someone else. Inside a large corporation, there would be various mentorship opportunities to educate a future leader of the corporation. One who is less capable could take advantage of these mentorships and follow the rules and regulations of the corporation and gradually find one’s way to the top, thus making less mistakes. Furthermore, if one make a bad mistake while working for a company owned by someone else, on doesn’t have to bear the consequence of failure. Take my cousin as an example. He studied car repair at a technical school and started being a worker in a car factory. He followed several good mentors and gradually grew more experienced about the operation of the factory. Later on, he was entrusted to more important problems and even started doing management work. Even though he made some mistakes, the established rules and procedures helped him resolved those mistakes and he turned out to be fine. Now he is already a small manager in the factory. For him, it is better to work for a business owned by someone else so that he gets more mentorships and more chances to make mistakes.
Whether it is better for one to work for business owned by someone else or to work for a business owned by one’s family depends on the situation. If one is capable and strong willed, then it is certainly better that one could be promoted to more important positions and do more important work if one works for a business owned by one’s family. However, for those who are less capable, working for business owned by someone else would be a better choice since it allows more chances to improve and make mistakes along the way. Therefore I disagree with either statement and believe that whether it is better for one to work for business owned by one’s family depends on the specific situations.
