Học từ vựng | Vocabulary learning |family-owned company


family-owned company (n)

/ˈfæməli-oʊnd ˈkʌmpəni//ˈfæmɪli-əʊnd ˈkʌmpəni/

a commercial organization in which decision-making is influenced by multiple generations of a family

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The survival of the family-owned business often depends on its ability to serve customers well.
The fifth-generation family-owned business saw its 2011 profits soar 51% to 17m on record sales of 121.6m
Being a family-owned company, they emphasize the importance of shared values and a strong work ethic.
The decisions in a family-owned company often involve a balance between business goals and familial considerations.
One advantage of a family-owned company is the sense of continuity and commitment to quality.
In a family-owned company, the leadership's personal connection to the business can foster a unique and dedicated company culture.

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