Pros
High energy work culture Balanced with plenty of on site spiffy and rewards. You truly won't want to go home. You may feel compelled to make this organization an extension of your family. The management does invite collaborative constructive communication as long as it is filtered and completely in line with the owners hidden agenda.
Cons
No transparency. Change is constant and should be a positive but since there is no clear path nor idea as to when that communication is driven to a healthy resolve, the air of "am I next to get the axe" is constant. Hard work and honesty is rewarded and punished the same. One day you are honored for the level of communication you bring, the next day you can be punished for the exact same situation or energy you brought the day before. Blind siding is not the same as change for the better