The 3 circle model talks abut how the 3 different sectors: family, business and ownership, have an overlap with each other and what are the effects of this ovarlap and its extent on the family business and the family as well. If we take a look at the different sectors of this model, it can help us to identify the to a certain point what the expectations or thoughts various stakeholders have regarding the family business. It does serve as a descriptive framework but it also helps in understanding the goals, perspectives and concerns of everyone involved in a family business system.
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Family Business Labs
"The Successor's Paradox"
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