13/01/2019
makkarIELTS Speaking Jan-Apr 2019
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I think that it is a matter of personal preference, as both the big and the small
companies have their benefits and drawbacks. So people choose an organization
according to their interests, career aspirations, circumstances, accessibility, and many
more such factors.
5.
What are the advantages and disadvantages of having relatives in a family
business?
Advantages
It keeps the family together. Family members understand each other better. Maximum
efficiency is ensured. They are more committed than outsiders. Most family members
have good informal internal training. This is because such businesses are usually
passed down the family..
Disadvantages
● Misunderstandings at home could also be brought to the office and the family
expenses could be deducted from the business.
● Some of the family members might become too comfortable knowing that their
own family is working, and as a result there may not be proper planning and
budgeting which may result in misunderstandings later on.
● Family businesses also tend to appoint family members even if they lack training
or experience. Outsiders might have ideas and skills that can be useful to the
family business but their ideas won’t be incorporated because they are outsiders.
● There can be conflicts among the family members, which may result in total
collapse of the business at times.
6.
Are men and women equally good at running a business?
There are no gender differences nowadays. It is a matter of personal aptitude. As more
and more girls are opting for management courses, they are successfully entering the
world of business. We have many examples, such as Kiran Majumdar, who is the CEO
of Biocon company.
7.
Is market research important for export business?
Yes, definitely. Market research is important for any business and not just for export
business. If China exports those products which are not in demand, then it will be out of
business very soon. Even if we talk about small scale business, without adequate
market research nothing will sell properly. For example in a poor country, branded
showrooms will not survive.
8.
Is it important to be competitive and why?
Yes, it is very important to be competitive nowadays. We belong to an era of
competition. Today, we are not competing with the person nextdoor or in the same
town or country. We are competing with the people of a global village.
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