1. 2. Defining the Family Business
(c) Thomas Zellweger, 2017

2. What are the particular advantages and disadvantages of using the two-circle model to describe family firms?
What modes of family influence may be overlooked when one determines family control only in terms of ownership, board and management involvement?
What are the potential sources of conflict between family owners involved in management and those not involved in management?
Why are there so many communication problems among family members who work together
in the family business?
(c) Thomas Zellweger, 2017

3. For a family firm you know: what is its position in the family business assessment tool? And what are related challenges and opportunities?
For a family firm you know: position the family members, shareholders, board members and managers in the three circle-model. What are their goals and concerns?
(c) Thomas Zellweger, 2017