There is an existing debate about the best way to run a commercial business.

• Explain family business and corporate business stating similarities and differences between both types.
• Discuss the existing debate about the best way to run a commercial business (family firms vs. corporations), based on your discussion which is which way businesses perform better (your opinion must be based on evidences and examples)
• Discuss five challenges that face family businesses and corporate businesses and may cause their failure and provide solutions to overcome these challenges.