Adjective describing a business or enterprise that is owned and operated by members of a single family. family-owned businesses often emphasize values such as tradition, community, and personal relationships. They may prioritize long-term stability and legacy over short-term profits, which can influence their management practices, decision-making, and customer interaction.
Family-owned meaning with examples
- The local bakery is a family-owned establishment that has been serving the same recipes for three generations, creating a unique and nostalgic experience for its customers.
- In a world dominated by large corporations, the family-owned farm stands out because of its commitment to sustainable farming practices and community engagement.
- Many people appreciate shopping at family-owned stores, as they often provide personalized service and maintain a strong connection to the local community.
- The documentary highlighted the challenges faced by family-owned businesses in maintaining their heritage while adapting to modern market demands and competition.
- After years of hard work, the family-owned furniture store successfully expanded its product range, ensuring that they still uphold their commitment to handcrafted quality.