Family Firms, Family Boundary Organizations, and the Family-Related Organizational Ecosystem

While entrepreneurial families often expand their activity over multiple businesses and patrimonial assets, this complexity is rarely addressed in mainstream family business research, where the predominant focus on or, at best, controlling operational business. We advance a more holistic understanding of that contemplates variety assets they create or acquire time jointly generate financial socioemotional wealth for family, call attention to organizations establish preserve, manage, and/or administer such assets. theorize each these can be devised as boundary organization (FBO), which operates interface other systems, FBOs form family-related organizational ecosystem. propose new framework extends scope research beyond focuses directly boundaries between its This paves ground extend three-circle model, broadening consider wider range besides firm, foundations, offices, holdings, academies, museums. Drawing literature, we integrate theory firm agenda examine broader way.