Its durability is because it is simple, has immediate face validity and captures enough complexity in family business systems to help researchers, academics, managers and families think more clearly about the strengths and challenges of these systems.
Before the Three-Circle Model, when the family business field first started, the few thinkers about family businesses were focused almost entirely on the business itself. Before too long, there was an understanding that family dynamics were influential in the business and vice versa, so researchers thought about two circles: family and business. People were already starting to think about a system where what happens in the family influences the business and vice versa.
Thank you for sharing your thoughts on the durability and usefulness of the Three-Circle Model for family business systems. Your post provides a good overview of the model's history and highlights its strengths in helping researchers, academics, managers, and families understand the complexities of family business systems.
I appreciate that you have provided some context on the evolution of the family business field and how the Two-Circle Model emerged as a way to capture the interplay between family dynamics and business operations. Your explanation of how the Three-Circle Model builds upon this understanding to include the ownership circle is also helpful.
However, as a reader, I would have appreciated some specific examples or evidence to support your claims about the Three-Circle Model's durability and usefulness. While you mention its "immediate face validity" and ability to capture "enough complexity," it would be helpful to see some concrete illustrations of how the model has been applied in practice and what insights it has provided.
Your post is analytical and adds value by providing some historical context and summarizing the strengths of the Three-Circle Model. However, to further strengthen your argument, I would recommend including some real-world examples and credible citations to support your claims.