Royalty and Business don't work together

I do not claim to be an expert on the history if monarchies and their relevance in today's society. However I'm going to go out on a limb and say that, in general, monarchs are not in vogue. Last time I checked the Prime Minister had been determining the course for the U.K. for quite some time, while British royalty has maintained their roles as inspirational leaders to British society and the the outside world. So if royalty doesn't work anymore in governing a nation; why would anyone think that a monarchy in business is ok?
I was touched recently by an article I read containing an interview with my former employer Bill Marriott. He had just retired as CEO of Marriott International, and was telling the story of how none of his kids wanted to succeed him as CEO. Instead they chose to maintain other positions in the company, and a longime executive was chosen to be the new CEO. Mr. Marriott seemed to be holding out for one of his kids to take over, but recognized that Mr. Sorenson was a better fit. I think that this is a great example for family run companies, or companies founded by a visionary entrepeneur.
Just because I love my kids, it does not mean that they are the best person to run my company when I'm ready to cede control. My family is much better off with the best person for the job doing the job, and they could act as a Board overseeing the professional management of the business. Royalty makes decisions that benefit themselves, and strengthens their foothold on power. Left unchecked that power can be percieved as greed by other stakeholders, and that's when it all starts to implode. It takes a very special person to be an entrepeneur; taking all that risk gives the entrepeneur a sense of pride in that business that nobody else can understand. However at some point the entrpeneur has to step back and determine when the business no longer needs to be 100% entrepeneurial, and needs to transition to professional management. Maybe in some organizations there is room for both, but a line must be drawn.
I have now lived through this process, and I can day that I was successful in many ways but failed in many as well. I could go on about the trials and tribulations of running a family owned business, but I'll save that for another blog post. For now I will just ask that families really take a strong look at their "team", and determine who is the best person for each position; regardless of their bloodline.