top of page
Membership
Events
Family Business Insights
News

Subscribe to our newsletter

The Myth Of The Hero’s Journey As A Storytelling Strategy

Updated: Oct 2


Family businesses that foster a culture of intergenerational connections and a long-term vision include a robust set of family values and stories to pass on to future generations. Understanding the language of family mythology and the behavior of narrative processes can help positively transform the purpose of the legacy and the meaning of its transmission to future generations.

 

After more than two decades working as a family business advisor, I have found an unbreakable connection of the history of the venture that created their wealth and legacy, with the classical archetype of the hero and his journey.

 

A Family Business With A Thousand Faces

In his 1949 book, The Hero with a Thousand Faces, anthropologist Joseph Campbell proposed the term monomyth as a universal mythological structure, applicable to all societies or groups of individuals that have built, over at least three generations, a collective identity.

 

In the extensive catalog described in his work, he names the stories of the Buddha, Ulysses, the original African woman Massassi, Gilgamesh, Jesus or Quetzalcoatl, as some of the examples of universal characters who identify with the pattern of the hero's journey, which is divided into three basic stages or acts of narration: separation from the world (X), penetration to a type of power source (Y) and return with a grown life (Z).

 

In the first stage, the hero is an ordinary character who undertakes an extraordinary journey following a “call” (which he initially rejects) to enter an unknown world, full of mysterious powers and characters and strange events.

 

Once passes the threshold that separates him from his home world, the hero will face different tasks and tests, either alone or with help. However, there is one crucial test that the hero must complete to overcome death and receive a reward. Once completed, the hero must decide whether to return to the ordinary world with the obtained gift.

 

If the hero chooses to return, he will face new challenges on the way back to the ordinary world, including acceptance (or not) by those who have not left their original world. If his return is triumphant, the hero uses the blessing or reward to improve people and bring justice.

 

Applying The Model

The collection of information is done during the consulting process, in sessions where the data was sorted as the information was generated organically with the family members, with temporary leaps forward and backward, revealing, discovering and remembering the most important references and testimonies that were outlining the structure, important characters and their interactions, places, objects, business achievements and other facts of the environment that frame the entire narrative, until creating a coherent composition based on the model that we have previously explained.

 

Building family storytelling based on the structure of the myth of the founder, is a cohesive function of legend-making that helps order their collective memories and give coherent meaning to their values transmission, especially businesses in second and third generation stages.

 

Also, storytelling ability depends on the capability to listen actively. In reconstructing a shared past, compassionate and empathetic listeners with the approval to question and express curiosity, even about painful events, are vital for values transmission.

 

Books, comic books, video testimonials and life documental films can use this structured information as a vehicle to reinforce the message of family values, lessons, and principles for the next generations.


Storytelling Benefits

The creative direction in the construction of family storytelling helps us to order and give coherent meaning to the story and its messages. Some of these collected lessons can be:

 

For the Founders: The hero must return from the magical world (retirement). You must share the elixir with others. You will leave undoubtedly a legacy. You deserve a recognition.

 

For the Next Generations: We can all be a hero. It is okay to be afraid. You will have help. You’re not alone. A defeat is not the end of the road.                             

                                   

Shared stories serve as a means of transmitting and preserving the founder’s vision from generation to generation. However, each generation can enrich the transmitted stories. As responsible for a shared legacy, family leaders can transform the myth and feed a group image of their past, highlighting an ancestor with a particular heroic behavior: “A myth cannot be artificially created or destroyed, but it can be modified” (Joseph Campbell).

 

Although most of families can identify the need to commit on preserving and legitimate their memory, some cannot achieve it by their selves. In these cases, specialized advisors have an essential role as guides for a creative process that is both moldable and healing, positively influencing the level of family business innovation and entrepreneurship, motivating next generations to commit to the long-term success.

 

The hero’s journey as a healing tool that makes conscious the unconscious, is based on the power of the monomyth that has supported civilizations for millennia, exploring internal mysteries and rites of passage.


Stories focusing on past achievements and resilience provide enterprising families with learnings that remains impressed on their consciousness using their own words. It is not the experience of life itself, but the meaning the family gives it.

My best advice is: Know yourself and know your family.

About the Author - Guillermo is the founder of Exaudi Family Business Consulting. He is a lecturer, educator, author, and expert advisor on family governance, strategic succession planning, generational transition, and conflict resolution. He is an FFI Fellow. Guillermo is the recipient of the 2015 FFI International Achievement Award.


Most Read Articles
Chancellor Delivers Body Blow To Hospitality
Paul Andrews - Founder & CEO, Family Business United
What Concerns You Most About The Budget For Family Businesses?
Paul Andrews - Founder & CEO, Family Business United
Redefining Succession: Why Private Equity Can Be A Good Home For A Family Business
Jon Duffy - Investment Director, Endless LLP Private Equity
One Day Everyone Will Exit
Jeff Noble - Director, Private Wealth Family Office, BDO Canada LLP
FBU Leads Call For 'Family Business Tax' To Be Reversed
Paul Andrews - Founder & CEO, Family Business United
What Could Change & How Could The UK Budget 2024 Affect You?
Jeff Simpson - Hymans Robertson Personal Wealth
Untitled design copy (8) copy (4) copy-Medium-Quality (1).jpg

Subscribe to our newsletter

SIGN UP AND JOIN NOW!

FBU continues to expand and has a growing membership base around the world. Recognised as THE family business champions we have also gained recognition in both of the Top 100 Global Family Business Influencers list compiled by Family Capital. We are also the VOICE of the family business community, celebrating their contribution throughout the UK and beyond.

sme-capital.png
axiom-logo.png
BM_LOGO_PRIMARY_BLACK_RGB (1).png
western-pension-solution-logo.png
TYWD Logo_Gold & Blue Centered.png
fosters-logo.png
Goodman-Jones-gold-white-v2.png
Birketts_Logo_Strapline_WHITE_on_purple.jpg
Rickard-Luckin.png
Turcan-Connell.png
sme-capital.png
axiom-logo.png
BM_LOGO_PRIMARY_BLACK_RGB (1).png
western-pension-solution-logo.png
TYWD Logo_Gold & Blue Centered.png
fosters-logo.png
Goodman-Jones-gold-white-v2.png
Birketts_Logo_Strapline_WHITE_on_purple.jpg
Rickard-Luckin.png
Turcan-Connell.png
sme-capital.png
axiom-logo.png
BM_LOGO_PRIMARY_BLACK_RGB (1).png
western-pension-solution-logo.png
TYWD Logo_Gold & Blue Centered.png
fosters-logo.png
Goodman-Jones-gold-white-v2.png
Birketts_Logo_Strapline_WHITE_on_purple.jpg
Rickard-Luckin.png
Turcan-Connell.png
Cleenol.png
John-Good.png
6 - Sound Leisure.png
mcalpine-logo.jpg
Potter-Space.png
9 - Bagnalls P&D Passion Logo_Colour.png
ridgeview.png
Malcolm Group Logo Black.png
Walkers-v2.png
JW-Lees-v2.png
Exclusive-Collection-logo-Matte-Black.png
Gap-Group-v2.png
9 - Caribbean Blinds - Logo - Black Background.png
1 - Furniture Village to use.png
Cleenol.png
John-Good.png
6 - Sound Leisure.png
mcalpine-logo.jpg
Potter-Space.png
9 - Bagnalls P&D Passion Logo_Colour.png
ridgeview.png
Malcolm Group Logo Black.png
Walkers-v2.png
JW-Lees-v2.png
Exclusive-Collection-logo-Matte-Black.png
Gap-Group-v2.png
9 - Caribbean Blinds - Logo - Black Background.png
1 - Furniture Village to use.png
Cleenol.png
John-Good.png
6 - Sound Leisure.png
mcalpine-logo.jpg
Potter-Space.png
9 - Bagnalls P&D Passion Logo_Colour.png
ridgeview.png
Malcolm Group Logo Black.png
Walkers-v2.png
JW-Lees-v2.png
Exclusive-Collection-logo-Matte-Black.png
Gap-Group-v2.png
9 - Caribbean Blinds - Logo - Black Background.png
1 - Furniture Village to use.png

Family Business United (‘FBU’) is an unparalleled rallying point and voice for the global family business community and an invaluable source of insight into the sector.  FBU is a resource for all, family businesses of all sizes and sectors, and their advisers, helping to raise the profile of the family business sector and to encourage greater awareness of the contribution that family firms make to the global economy through employment, income generation, wealth creation and charitable endeavours.

At FBU, everything we do is about the family business, creating the best resource available to help families in business get access to the resources and support they need to continue their family business journey, wherever it will take them.

bottom of page