What makes a family business successful?
Watch these two videos
Instructions
Group Activity
The students will participate in a group activity. The class teacher will divide the students into groups. In each group, there will be four students. The students will watch two videos and discuss “What makes a family business successful”. They will have five to seven minutes to write down important points. After that, one student from each group ( group leader) will present their findings to the whole class. The class teacher will randomly select two or three group leaders to present ” What makes a family business successful?”
Second Activity
In this activity, the teacher will ask the following questions to the students
- In the videoes, numerous factors were identified that contribute to the success of a family business. Based on your understanding, which three factors do you believe are the most crucial/important?
- Out of the two videos you watched, which one did you like most and what is the reason for your choice?
A successful family business
Read the paragraph and then answer the questions that follow.
For many years, the Johnson family has been running a highly successful business, specializing in the design and manufacturing of custom furniture. Their strength and expertise have been well-known throughout the industry, as the family’s willingness to take risks and try new ideas has led to a steady stream of satisfied clients. Over time, the company grew into a successful corporation, with branches located all over the country. Despite the expansion, the Johnsons have managed to maintain a sense of unity and close-knit teamwork among family members and employees alike. This courageous approach to business has allowed the Johnson family to grow and thrive, attracting top talent in the industry and developing a reputation for excellence. Through their hard work and dedication, the Johnson family has become a shining example of what a successful family business should be.
Circle the correct answers
- 1. What is the Johnson family’s business expertise?
- A. Accounting
- B. Custom Furniture Design and Manufacturing
- C. Automotive Repairs
- D. Construction
- 2. How has the Johnson family’s willingness to take risks benefited their business?
- A. They have saved a lot of money.
- B. They have opened multiple branches worldwide.
- C. They have hired fewer employees.
- D. They have decided to retire earlier.
- 3. How has the Johnson family managed to maintain unity among family members and employees?
- A. By choosing only family members as employees
- B. By having strict rules for employees to follow
- C. Through close-knit teamwork
- D. By paying employees high salaries
- 4. What has the Johnson family’s courageous approach to business allowed them to do?
- A. Expand their business into multiple branches
- B. Retire early
- C. Sell their business to another family
- D. Go bankrupt
- 5. What kind of reputation has the Johnson family’s hard work and dedication given them?
- A. Negative
- B. Unidentifiable
- C. Poor
- D. Excellent
