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The great man fallacy and family governance
The International Family Offices Journal
Vol. 7 - Iss. 3 pp. 33–37
Mar 2023
"The great man fallacy" is the focus of the next article, namely the idea that a family must produce and train great leaders to operate family businesses and manage family wealth. Franklin J Parker explores this idea, drawing on a comparison to ancient Rome and Macedonia! He explores why change can be challenging and notes that a strong foundation based on governance would serve families well.