Do you think it's important for the next generation to take over the family business?

familybusinessfuturegenerationswork
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IELTS Speaking tip

Incorporate idiomatic expressions to sound more natural.

Vocabulary

  • generation
  • inheritance
  • entrepreneurship
  • tradition
  • success
  • responsibility
  • legacy
  • continuity
  • leadership
  • opportunity
  • market
  • decision
  • collaboration
  • values
  • stability

Sample Answer

The significance of the next generation assuming control of the family business is a multifaceted issue. On one hand, continuity in family enterprises can cultivate a sense of tradition and commitment, often resulting in stability and sustained brand loyalty. Furthermore, the younger generation may infuse the business with innovative ideas and technological advancements, which can be pivotal for growth in a rapidly changing market. On the other hand, not every descendant may possess the requisite skills or passion for the family trade. Forcing individuals into a role they do not aspire to can potentially stifle creativity and lead to dissatisfaction. Ultimately, while it is important for the next generation to consider the family business, they should also be afforded the freedom to explore their own paths. This balance between legacy and individual ambition could prove to be the most advantageous approach.

User Answers

  • March 9, 2024 at 01:33 PM
  • January 11, 2024 at 06:16 AM