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Being Aware of Mental Models

In: The Two Sides of the Business Family

Author

Listed:
  • Arist von Schlippe

    (Witten/Herdecke University)

  • Tom A. Rüsen

    (Witten/Herdecke University)

  • Torsten Groth

    (Witten/Herdecke University)

Abstract

This chapter adds to our observations a perspective originally developed by a group of Spanish researchers. Their approach describes the different underlying family philosophies of entrepreneurship and corporate management. The question of how a business family views itself and its relationship with its business is referred as the mental model. The mental model theory sees the human mind as a kind of “model-building device”, and the mental patterns or concepts of meaning that people establish coin their way of looking at the world (Boyd, 1976; Johnson-Laird, 1983). According to this theory, the mental model of a business owner or a shared mental model (Denzau & North, 1994) of a business family has a far-reaching impact on how the company is run and how the business family is organised.

Suggested Citation

  • Arist von Schlippe & Tom A. Rüsen & Torsten Groth, 2021. "Being Aware of Mental Models," Management for Professionals, in: The Two Sides of the Business Family, chapter 7, pages 155-179, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-030-60200-0_7
    DOI: 10.1007/978-3-030-60200-0_7
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