Entrepreneurship----Strengths and weaknesses of family businesses Essay

Entrepreneurship----Strengths and weaknesses of family businesses - Essay Example The degree of control over inter departmental affairs is relatively strongly managed in family businesses. The culture is considerably flexible, informal and occasional use of local language might be seen in practice. Long term dependencies and affiliations are another feature of family businesses. Such businesses are not total loss; rather have lots of positives to them. The first and foremost advantage being enjoyed in such cultures is that of trust, reliability and endurance. The chemistry amongst the members of the kin creates a benevolent atmosphere in itself which is very fruitful for the overall working environment. For many, the family businesses perform much better than other kinds of businesses and evidences have been seen where the throughputs have been far better compared to their non allegiance based enterprises. Weaknesses: The weak links in any family business often starts with the succession of an individual by a family member which might be compromising in context of the merit and requirements of professional operations. The resistance to change is relatively more deep routed in the company as personal biases are involved directly or indirectly. The family business environment is often termed as closed loop business atmosphere, since it in contrast to the conventional form of business environment, has relatively related faces around that are more loosely in the organization and business because of personal belonging and affiliations. The existence of obligation to transfer the power amongst family member regardless of the capabilities and professional experience, this serves as serious draw back in this concept of business world. Meritocracy is often believed to be compromised in such forms of business. Personal enmity and competition in a negative way can be another damning factor in the working environment of

Hinduism and Buddhism Essay Example | Topics and Well Written Essays - 750 words

Hinduism and Buddhism - Essay Example For Krishna, you can escape the rebirth in one of two ways, either by jnana-yoga or bhakti-yoga. This paper provides a vivid discussion and a comparison between the different concepts that are practiced in Hinduism and Buddhism. As already pointed out, in Hinduism, the powerful Krishna (Thompson 39 Ch.7, Verse 8), states that one can escape the rebirth in one of two ways, either the jnana-yoga or bhakti-yoga. The jnana-yoga basically denotes the path of self mastery and knowledge of Brahman and Atman as well as the realization of the unity of these two. Jnana-yoga uses the exercise and intellect as a way of understanding the true Self as well as being aware of the eternal Self, which is God (Thompson 29 Ch.5, Verse 27). Therefore, jnana-yoga helps n the probing of the nature of the Self by asking the question, "Who am I?† It is worth noting that jnana-yoga is not merely an intellectual exercise, but may involve intellect in realizing that God’s nature must be pure Beingness, but to know the Self, one must Be the Self or exercise what is referred to as being patron of oneself (Carter and Mahinda 31 Ch.XII, Verse 160). Jnana-yoga is mainly used when one intends to experience God’s omnipres ence and it also mediates through a focus on the question â€Å"Who am I?† On the other hand, bhakti yoga refers to the spiritual path and practice that is practiced by those that subscribe to Hinduism faith that focuses on building love and devotion for God (Thompson 45, Ch.2, Verse 9).