Family and Business: The “Impossible Endeavour”

Arist von Schlippe (), Tom A. Rüsen () and Torsten Groth ()
Additional contact information
Arist von Schlippe: Witten/Herdecke University
Tom A. Rüsen: Witten/Herdecke University
Torsten Groth: Witten/Herdecke University

Chapter 3 in The Two Sides of the Business Family, 2021, pp 53-72 from Springer

Abstract: Abstract This chapter provides an introduction to the central theoretical ideas developed at WIFU over recent years. We start by presenting and critically examining a classic model that has provided the basis for much research into family businesses, the three circle model. We then go on to develop this model in this chapter and, in Chap. 4 , to establish the notion of the “duplicated family”, an understanding of family, business and ownership, based on system theory and communication theory that do not regard these three elements as circles but as contexts, each with its own specific communication logic. This then leads us to the concept of the paradox which we believe is very helpful when it comes to understanding processes within the family and, to some extent, also the business. Finally, this chapter introduces the concept of paradox-friendliness, in which a form of family strategy is promoted that is not bound by rigid rules but, instead, seeks to strike a balance between inevitable contradictions.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-030-60200-0_3

Ordering information: This item can be ordered from
http://www.springer.com/9783030602000

DOI: 10.1007/978-3-030-60200-0_3

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().