Tatwamasi Thursdays- Three circle Model

As mentioned earlier, about the three circle model, a few examples can be given to show how this model is used to signify its importance. A concept called “hat management" is given prime weight age in the field of family business. In the three circle model, there are distinct areas marked as family, business and ownership, these areas sometimes become a blur when human emotions come into play. It is quite difficult to distinguish the areas because some individuals are part of the family circle as well as the business circle and the ownership circle. Hence, they need to wear appropriate hats for different circles in order for them to live in a peaceful environment. Whereas, some may only be a part of the family and may not be part of any other circle, hence, it falls on the individual to build a different role for each circle.