Who’s Your Chief Innovation Officer?

Ten years ago (five?) the role of “Chief Innovation Officer” was almost unheard-of.  Now hardly a week goes by without a firm announcing the appointment of so-and-so to that role and title. But what exactly Is a “CINO” and where do (where... read more +

Question of the Month

Returning from a hiatus, our Question of the Month appears refreshed and in the pink. You know what to do.  Use the comments box for editorial embellishment.     Thanks for being a voter!

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Letter from Lima

The following column is by Antonio Leal Holguin, Director of Latin America for Adam Smith, Esq. I recently spent three days in Lima.  A metropolis of close to 10 million people, Peru’s capital is one of Latin America’s most vibrant cities and a famous culinary...

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What is the Purpose of Your Firm?

Has our first (and really only) answer to the question, "What is a corporation's purpose?" been wrong for the last, oh, 40 or 50 years?  The answer, pace Milton Friedman [see note at end], has of course been "shareholder value!"  And now it's being assailed from all...

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On Being a Splendid Gray

In our third and final installment of the Maroons/Grays segmentation analysis, we presented this: Here’s a simplistic way of thinking about the two types of firms and the consequences for each of strong or of weak management.   Maroons Grays Superbly run Steady as she...

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Do Laterals Create or Destroy Value?

Ask almost any Managing Partner or office leader this question and odds are about 98% that the answer you'll get is, "It depends." Indeed. We wish there were reliable, consistent, industry-wide data on laterals' success ratios, but we've never seen it or even heard...

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