on the experiences handed down by previous generations as well as on the demands placed on the business leader of today. According to Foss, it is not necessarily the most intelligent people who make the best leaders; rather, the best leader is a good listener, is analytical and able to make decisions, often in close collaboration with his or her employees. Finally, Nils Foss emphasizes the importance of the many small and large family run businesses whose growth and innovation is the foundation of the future prosperity of Denmark.