The Family Business Actor Model

The Family Business Actor Model describes how family members involved in a business act and make decisions based on their roles, relationships, and emotional ties. It considers factors like leadership, ownership, and governance structures, recognizing that personal dynamics influence business choices. This model helps understand how families balance business goals with family interests, often navigating between professional management and emotional bonds to ensure both business success and family harmony. It provides a framework for analyzing behavior and decision-making patterns unique to family-operated enterprises.