CONTINUITY
FAMILY BUSINESS CONSULTING
US/CANADA: 877-925-5149 INTERNATIONAL: 1-978-925-5149
CONTINUITYFBC.COM
Understanding family business as the overlap of distinctly different,
individual systems has been widely accepted by family business experts for
decades. Until now, a 3 system model identifying Family, Business and Ownership
has been the state-of-the-art. John Davis and Renato Tagiuri first proposed
such a model in 1982. For many years, a more complete graphic depiction of
family business has been sought.
We created a comprehensive Stakeholder Map for Family Business to provide a more complete
picture of the family business, with the addition of the Governance, Advisory
and Family Council systems.
Adding the Advisory system in this manner identifies that
for an advisor to be truly independent, he or she should not overlap with other
systems. In addition, this model allows for the inclusion of external factors
impacting the system, making it a useful tool for strategic planning.
The Stakeholder Map
for Family Business was built around the existing 3-circle system in order
to allow the incremental overlay of these additional systems. This makes it
useful as a teaching tool.
Students and clients can first get comfortable with
the 3-circle model and its three primary systems of Family, Ownership and
Business, and then incorporate the additional systems incrementally.
Aside from being a descriptive tool for better understanding
roles and boundaries, and for identifying the inherent conflicts which exist in
the overlap of these systems, the StakeholderMap for Family Business has proven useful as a planning tool as well. The
map allows all individual stakeholders to be identified in the particular subsystem
in which they currently operate. Arrows can be drawn to indicate next steps in
the evolution of the firm and family. In this manner, the model serves as a
useful single-page graphic summary of how all stakeholders participate in the
family business system and where they may each be headed in the future.
For further explanations, contact Continuity Family Business Consulting at 1-877-925-5149.
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