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The three-circle model of family business is a widely recognized framework that helps in understanding the complex relationships and dynamics within a family-owned business. This model was developed by Renato Tagiuri and John Davis, and it emphasizes that a family business is influenced by three overlapping systems: the family, the ownership, and the business itself. Each of these circles represents a distinct ___ ________ _________ _____ ____ ____ __________ ______ ____ __________ ____ _________.
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