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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 ____ ________ _____ ________ ___ ___ _____ __________ ______.
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