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The three-circle model of family business is a widely recognized framework that helps in understanding the complex dynamics and overlapping interests in family-owned enterprises. Developed by Renato Tagiuri and John Davis, the model visually represents the three primary components that influence a family business: family, ownership, and business. Each circle represents one of these components, and their intersections highlight the unique roles and responsibilities that individuals may have within the enterprise. The first circle represents the family itself. This includes all family _______ _____ _________ ____ ____ ________ ____ _____.
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