IGNOU BCOS 185 2025 2026 - Describe the three circle model of family business.

Question

Describe the three circle model of family business.

08 Sep 2025

Answer :

Word Count : 302

The three circle model of family business is a framework that helps in understanding the complexities and dynamics of businesses that are owned and managed by families. This model was introduced by Renato Tagiuri and John Davis at Harvard in 1978, and it explains how family businesses are influenced by the overlapping roles of family, ownership, and business. These three circles represent distinct groups, but in practice, individuals can

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