{"id":1333,"date":"2024-06-12T08:05:19","date_gmt":"2024-06-12T06:05:19","guid":{"rendered":"https:\/\/blog.iese.edu\/family-business\/?p=1333"},"modified":"2024-09-16T15:46:33","modified_gmt":"2024-09-16T13:46:33","slug":"4-decision-making-models-in-family-firms-which-is-best","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/","title":{"rendered":"4 decision-making models in family firms: which is best?"},"content":{"rendered":"<p>Among their unique characteristics, <strong>family businesses pursue both financial goals and non-economic aims<\/strong> such as preserving the family legacy and promoting community development.<\/p>\n<p>This dual perspective can lead to <strong>misalignment among family members r<\/strong>egarding organizational priorities, while raising important questions:<\/p>\n<blockquote><p><em>How should family firms integrate divergent perspectives in their <a href=\"https:\/\/www.thefbcg.com\/resource\/decision-making-on-family-business-matters\/\" target=\"_blank\" rel=\"noopener\">decision-making processes<\/a>? <\/em><\/p>\n<p><em>What\u2019s the best structure to simultaneously uphold family values and advance business objectives?<\/em><\/p><\/blockquote>\n<p>These issues and more were the focus of <strong>my recent study on the influence of decision-making structures<\/strong> on the family&#8217;s ability to balance these competing company goals.<\/p>\n<h2><span style=\"color: #ff0000\"><strong>Four common decision-making structures<\/strong><\/span><\/h2>\n<p>If <strong>the quality of our lives depends on the quality of our decisions<\/strong>, the same can be said of the long-term sustainability of organizations.<\/p>\n<p>By understanding and implementing the right decision-making structure, family businesses can <strong>harness the collective strengths of their team members<\/strong> and bolster their performance in both stable and dynamic environments<\/p>\n<p>In this regard, our study analyzed <strong>four archetypical yet highly relevant decision-making structures<\/strong>: unanimous approval, individual autonomy, majority voting and lead decision-maker:<\/p>\n<ul>\n<li><strong>Unanimous approval<\/strong>: All team members must concur in order for a decision to proceed.<\/li>\n<li><strong>Individual autonomy<\/strong>: A single team member can approve a decision.<\/li>\n<li><strong>Majority voting<\/strong>: A simple majority is required for a decision to proceed.<\/li>\n<li><strong>Lead decision-maker<\/strong>: In case of disagreement, a designated individual makes the final decision (this often falls to a senior family member).<\/li>\n<\/ul>\n<p>Since empirical data on decision-making structures is difficult to observe in practice, our research used a computational model to <strong>simulate the effect of these models on the economic and non-economic performance<\/strong> of family businesses operating in diverse environments.<\/p>\n<p>At the same time, the study assessed the role of <strong>goal alignment among decision-makers<\/strong>.<\/p>\n<h2><strong><span style=\"color: #ff0000\">Why decision-making structures matter<\/span><\/strong><\/h2>\n<p>Our models revealed some compelling results, including the <strong>significant impact of decision-making structure on organizational outcomes<\/strong>, as well as the importance of the <strong>broader environment and degree of goal alignment among decision-makers<\/strong> in determining the optimal decision-making structure.<\/p>\n<p>In times of stability, <strong>majority voting<\/strong> was found to generate the highest economic performance, allows firms to strike an ideal balance between <strong><em>decisiveness<\/em><\/strong> (avoiding stalemates and promoting proactivity) and <strong><em>selectivity<\/em><\/strong> (making sure time, money and investments are directed toward the most valuable initiatives).<\/p>\n<p>Conversely, in dynamic, rapidly changing environments, <strong>unanimous approval led to the best performance<\/strong>. In times of rapid change or crisis, unanimous approvals enable family firms to <strong>channel their scarce resources and attention<\/strong> toward the most critical issues at hand, while leveraging the team\u2019s diverse perspectives.<\/p>\n<p>Interestingly, in fast-paced settings, having a <strong>diversity of goals was found to boost economic performance<\/strong> as it compels companies to raise the bar when deciding which initiatives merit their limited time and economic resources.<\/p>\n<p>The same was true of <strong>misalignment among decision-makers:<\/strong> while generally detrimental to economic performance, it<strong> can be valuable in high-speed contexts<\/strong> when coupled with unanimous approval decision-making.<\/p>\n<h2><strong><span style=\"color: #ff0000\">Practical tips for implementation<\/span><\/strong><\/h2>\n<p>What to these insights mean for family businesses? For leaders of family-controlled firms, <strong>the first step is to assess the broader environment<\/strong> and adapt their decision-making structures accordingly.<\/p>\n<ul>\n<li>Is your business environment stable or rapidly changing?<\/li>\n<li>Does your team have the necessary agility to adapt its decision-making process in times of flux?<\/li>\n<\/ul>\n<p>These questions should be <strong>posed continuously<\/strong> and gain even greater relevance in fast-paced situations.<\/p>\n<p>Also key are <strong>fluid lines of communications<\/strong>, as highlighted in a <a href=\"https:\/\/blog.iese.edu\/family-business\/author\/melvira\/\" target=\"_blank\" rel=\"noopener\">previous article<\/a> given the overlapping personal and professional spheres in family business. To this end, <strong>strategic decisions should involve both family and non-family members<\/strong>, who should understand the chosen structure and the rationale behind it.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\u2019s the best structure [&hellip;]<\/p>\n","protected":false},"author":2305,"featured_media":1334,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[981],"tags":[117523,483],"class_list":["post-1333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-leadership","tag-corporate-governance","tag-decision-making","megacategoria-mc-family-business"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\u2019s the best structure 4 decision-making models in family firms: which is best?\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Jeroen Neckebrouck\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1.1\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Family Business - IESE\u2019s Chair in Family-Owned Business\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"4 decision-making models in family firms: which is best? - Family Business\" \/>\n\t\t<meta property=\"og:description\" content=\"Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\u2019s the best structure 4 decision-making models in family firms: which is best?\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2024-06-12T06:05:19+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2024-09-16T13:46:33+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"4 decision-making models in family firms: which is best? - Family Business\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\u2019s the best structure 4 decision-making models in family firms: which is best?\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#blogposting\",\"name\":\"4 decision-making models in family firms: which is best? - Family Business\",\"headline\":\"4 decision-making models in family firms: which is best?\",\"author\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/author\\\/jneckebrouck\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/files\\\/2024\\\/06\\\/jens-lelie-u0vgcIOQG08-unsplash.jpg\",\"width\":2400,\"height\":1607},\"datePublished\":\"2024-06-12T08:05:19+02:00\",\"dateModified\":\"2024-09-16T15:46:33+02:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#webpage\"},\"articleSection\":\"Leadership, corporate governance, decision making, Family Business\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/category\\\/leadership\\\/#listItem\",\"name\":\"Leadership\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/category\\\/leadership\\\/#listItem\",\"position\":2,\"name\":\"Leadership\",\"item\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/category\\\/leadership\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#listItem\",\"name\":\"4 decision-making models in family firms: which is best?\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#listItem\",\"position\":3,\"name\":\"4 decision-making models in family firms: which is best?\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/category\\\/leadership\\\/#listItem\",\"name\":\"Leadership\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/#organization\",\"name\":\"Family Business\",\"description\":\"IESE\\u2019s Chair in Family-Owned Business\",\"url\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/author\\\/jneckebrouck\\\/#author\",\"url\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/author\\\/jneckebrouck\\\/\",\"name\":\"Jeroen Neckebrouck\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/0247ae3be39ae63b38ccba4c914da2b1c4cfbf26317ca18470a30e4e9402dfca?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Jeroen Neckebrouck\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#webpage\",\"url\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/\",\"name\":\"4 decision-making models in family firms: which is best? - Family Business\",\"description\":\"Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\\u2019s the best structure 4 decision-making models in family firms: which is best?\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/author\\\/jneckebrouck\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/author\\\/jneckebrouck\\\/#author\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/files\\\/2024\\\/06\\\/jens-lelie-u0vgcIOQG08-unsplash.jpg\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#mainImage\",\"width\":2400,\"height\":1607},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/2024\\\/4-decision-making-models-in-family-firms-which-is-best\\\/#mainImage\"},\"datePublished\":\"2024-06-12T08:05:19+02:00\",\"dateModified\":\"2024-09-16T15:46:33+02:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/#website\",\"url\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/\",\"name\":\"Family Business\",\"description\":\"IESE\\u2019s Chair in Family-Owned Business\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/blog.iese.edu\\\/family-business\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"4 decision-making models in family firms: which is best? - Family Business","description":"Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\u2019s the best structure 4 decision-making models in family firms: which is best?","canonical_url":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#blogposting","name":"4 decision-making models in family firms: which is best? - Family Business","headline":"4 decision-making models in family firms: which is best?","author":{"@id":"https:\/\/blog.iese.edu\/family-business\/author\/jneckebrouck\/#author"},"publisher":{"@id":"https:\/\/blog.iese.edu\/family-business\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/blog.iese.edu\/family-business\/files\/2024\/06\/jens-lelie-u0vgcIOQG08-unsplash.jpg","width":2400,"height":1607},"datePublished":"2024-06-12T08:05:19+02:00","dateModified":"2024-09-16T15:46:33+02:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#webpage"},"isPartOf":{"@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#webpage"},"articleSection":"Leadership, corporate governance, decision making, Family Business"},{"@type":"BreadcrumbList","@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/blog.iese.edu\/family-business#listItem","position":1,"name":"Home","item":"https:\/\/blog.iese.edu\/family-business","nextItem":{"@type":"ListItem","@id":"https:\/\/blog.iese.edu\/family-business\/category\/leadership\/#listItem","name":"Leadership"}},{"@type":"ListItem","@id":"https:\/\/blog.iese.edu\/family-business\/category\/leadership\/#listItem","position":2,"name":"Leadership","item":"https:\/\/blog.iese.edu\/family-business\/category\/leadership\/","nextItem":{"@type":"ListItem","@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#listItem","name":"4 decision-making models in family firms: which is best?"},"previousItem":{"@type":"ListItem","@id":"https:\/\/blog.iese.edu\/family-business#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#listItem","position":3,"name":"4 decision-making models in family firms: which is best?","previousItem":{"@type":"ListItem","@id":"https:\/\/blog.iese.edu\/family-business\/category\/leadership\/#listItem","name":"Leadership"}}]},{"@type":"Organization","@id":"https:\/\/blog.iese.edu\/family-business\/#organization","name":"Family Business","description":"IESE\u2019s Chair in Family-Owned Business","url":"https:\/\/blog.iese.edu\/family-business\/"},{"@type":"Person","@id":"https:\/\/blog.iese.edu\/family-business\/author\/jneckebrouck\/#author","url":"https:\/\/blog.iese.edu\/family-business\/author\/jneckebrouck\/","name":"Jeroen Neckebrouck","image":{"@type":"ImageObject","@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/0247ae3be39ae63b38ccba4c914da2b1c4cfbf26317ca18470a30e4e9402dfca?s=96&d=mm&r=g","width":96,"height":96,"caption":"Jeroen Neckebrouck"}},{"@type":"WebPage","@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#webpage","url":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/","name":"4 decision-making models in family firms: which is best? - Family Business","description":"Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\u2019s the best structure 4 decision-making models in family firms: which is best?","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/blog.iese.edu\/family-business\/#website"},"breadcrumb":{"@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#breadcrumblist"},"author":{"@id":"https:\/\/blog.iese.edu\/family-business\/author\/jneckebrouck\/#author"},"creator":{"@id":"https:\/\/blog.iese.edu\/family-business\/author\/jneckebrouck\/#author"},"image":{"@type":"ImageObject","url":"https:\/\/blog.iese.edu\/family-business\/files\/2024\/06\/jens-lelie-u0vgcIOQG08-unsplash.jpg","@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#mainImage","width":2400,"height":1607},"primaryImageOfPage":{"@id":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/#mainImage"},"datePublished":"2024-06-12T08:05:19+02:00","dateModified":"2024-09-16T15:46:33+02:00"},{"@type":"WebSite","@id":"https:\/\/blog.iese.edu\/family-business\/#website","url":"https:\/\/blog.iese.edu\/family-business\/","name":"Family Business","description":"IESE\u2019s Chair in Family-Owned Business","inLanguage":"en-US","publisher":{"@id":"https:\/\/blog.iese.edu\/family-business\/#organization"}}]},"og:locale":"en_US","og:site_name":"Family Business - IESE\u2019s Chair in Family-Owned Business","og:type":"article","og:title":"4 decision-making models in family firms: which is best? - Family Business","og:description":"Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\u2019s the best structure 4 decision-making models in family firms: which is best?","og:url":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/","article:published_time":"2024-06-12T06:05:19+00:00","article:modified_time":"2024-09-16T13:46:33+00:00","twitter:card":"summary","twitter:title":"4 decision-making models in family firms: which is best? - Family Business","twitter:description":"Among their unique characteristics, family businesses pursue both financial goals and non-economic aims such as preserving the family legacy and promoting community development. This dual perspective can lead to misalignment among family members regarding organizational priorities, while raising important questions: How should family firms integrate divergent perspectives in their decision-making processes? What\u2019s the best structure 4 decision-making models in family firms: which is best?"},"aioseo_meta_data":{"post_id":"1333","title":null,"description":"#post_excerpt 4 decision-making models in family firms: which is best?","keywords":[],"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":[],"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2024-06-05 11:18:22","updated":"2026-04-21 07:15:04"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/blog.iese.edu\/family-business\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/blog.iese.edu\/family-business\/category\/leadership\/\" title=\"Leadership\">Leadership<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t4 decision-making models in family firms: which is best?\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/blog.iese.edu\/family-business"},{"label":"Leadership","link":"https:\/\/blog.iese.edu\/family-business\/category\/leadership\/"},{"label":"4 decision-making models in family firms: which is best?","link":"https:\/\/blog.iese.edu\/family-business\/2024\/4-decision-making-models-in-family-firms-which-is-best\/"}],"_links":{"self":[{"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/posts\/1333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/users\/2305"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/comments?post=1333"}],"version-history":[{"count":4,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/posts\/1333\/revisions"}],"predecessor-version":[{"id":1338,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/posts\/1333\/revisions\/1338"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/media\/1334"}],"wp:attachment":[{"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/media?parent=1333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/categories?post=1333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.iese.edu\/family-business\/wp-json\/wp\/v2\/tags?post=1333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}