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Executive Communication & Board Relations
Family Business Management: Applied Frameworks
Utilizing structured frameworks like the Three-Circle Model, Genograms, and governance tools to manage the unique complexities of family-owned enterprises. ✨
Article Points:
1
Family businesses intertwine family, ownership, and management systems.
2
The Three-Circle Model (Family, Ownership, Business) helps visualize these overlapping roles.
3
A Family Genogram maps family relationships and dynamics to understand influences on the business.
4
Effective governance involves Family Councils, independent Boards of Directors, and Family Constitutions.
5
Frameworks aid in professionalizing decision-making, reducing conflict, and planning for succession.
6
The goal is to ensure the long-term sustainability and harmony of both the family and the business.
Source:
Family Business Management: Applied Frameworks
Family Business Management: Applied Frameworks
No Mindmap Data
Source:
Family Business Management: Applied Frameworks