Families, consultants, and academics continue to use it as the primary organizing framework for comprehending family business systems (Davis, 2022).
This framework explains in straightforward terms the three interdependent and overlapping groups that make up the family business system: family, business, and ownership (Davis, 2022). As a result of this overlap, there are seven distinct interest groups, each with its own valid perspectives, objectives, and dynamics. The long-term viability of family business systems is contingent upon the operation and mutual support of each of these groups (Davis, 2022) .
Davis, J.A. (2022) Three-circle model of the family business system: Davis and Tagiuri, John A. Davis. Available at: https://johndavis.com/three-circle-model-family-business-system/ (Accessed: January 30, 2023).
Many thanks @Djamil for this. For your feed-forward: Your post is relevant to the topic of family-owned businesses, specifically in terms of the organizing framework for understanding family business systems. You do not, however, present any original ideas, but summarizes the findings of Davis (2022). It is clear and concise, explaining the concept of the framework for family business systems, but does not explicitly engage other members of the forum, with the information presented not necessarily provoking dialogue and debate. You also don't offer an openness to other perspectives, but you are neutral in tone and present information objectively.