Want to Get Bigger Fast? Caveat Emptor

The UK publication Legal Week posits that mergers are becoming an endangered species because, among other things: cultural considerations are seen as increasingly central to differentiating a firm from its competitors, and cultures are inherently difficult to merge;...

Take Me to Your Leader

"Leadership" is as elusive a concept as there is in business—not that that has prevented scores of writers spilling torrents of ink on it.  (The general form of the tautology in this management literature is:  It requires a great leader to...

Black Swans

This blog is apolitical (and there is zero likelihood of that changing if for no other reason than that the competition in that "blog-space" is murderous), but this Op-Ed about "category errors" in the way the 9/11 commission is proceeding holds...

Second Class Treatment?

Monica Bay, the incomparable editor of my favorite new publication, Law Firm Inc., leads off this month with a call for firms to start identifying their senior business-side managers (Executive Directors, COO’s, et al.) on the firms’ websites.  One...

Why Good Strategies Go Bad

When it comes to high-end strategic advice, McKinsey is the gold standard.  But opining on what good strategy looks like is not sufficient to explain the remarkable, and enduring, ubiquity of bad strategy—even, it must be said, among McKinsey clients. What,...

“Accounting Irregularities = Sell?”: Not So Fast

Is it too early to say what impact Sarbanes-Oxley is actually having on quarterly earnings reports? Not according to the famous money manager Jim Cramer [trivia fact: he’s a Harvard Law grad]. He believes the compliance landscape has drastically...
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