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The Three Ring FOB Circus

The Three Ring FOB Circus. Three Systems . Each system has its own issues, needs and concerns. Family. O wnership. Business. The Three Circle Model Tagiuri , R. and J.A. Davis. Interdependence . These systems are interdependent but too much overlap creates potential for conflict. .

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The Three Ring FOB Circus

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  1. The Three Ring FOB Circus

  2. Three Systems Each system has its own issues, needs and concerns. Family Ownership Business The Three Circle Model Tagiuri, R. and J.A. Davis

  3. Interdependence These systems are interdependent but too much overlap creates potential for conflict. Family Business Ownership

  4. Seven Sectors Anyone associated with the FOB fits into one of these seven sectors. Family 1 Ownership Business 6 4 7 2 3 5 Figure 3-1

  5. Segment Constituents Family 1 Ownership Business 6 4 7 2 3 5 Figure 3-1

  6. The Family Circle • Enter at Birth • Membership is Permanent • Emotionally Based • Membership is rewarded with love and loyalty • Carries specific Roles and Expectations: Mother, Father, Sister, Brother, Child, Aunt, Uncle, etc. • Unique communication, conflict resolution and decision making styles Family Ownership Business

  7. The Ownership Circle Family • Responsibilities of owners • Business (farm) stewardship • Create and maintain long-term stability; personal and business • Preserve wealth / protect wealth • Equitable distribution of wealth and ownership as is best for the business Ownership Business

  8. The Business Circle • Contractually Based • Unemotional • Membership is contingent upon performance • Performance is rewarded materially • Roles and Expectations: CEO, President, manager, employee, stockholder, etc. • Unique communication, conflict resolution and decision making styles Family Ownership Business

  9. Potential for Conflict Overlap = Conflict of Interests • Emotional • Comfort • Love • Fairness Family Ownership Business • Management • Finance • Customers • Operations • People • Ownership • Wealth • Retirement • Estate Plans • Equitable

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