by Bruce | April 13, 2023 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Just Plain Interesting, Leadership, Partnership Structures, Practice Group Management, Strategy, Technology strategy
Jamie Dimon’s annual letter to shareholders, which comes out as part of the JP Morgan Chase annual report, was published about two weeks ago. At 42 pages, it takes more than a passing skim-over to digest, but. It is almost universally read among business leaders, and...
by Bruce | March 20, 2023 | Articles, Compensation, Globalization, Leadership, Strategy
Capitalism without failure is like religion without hell. –Charlie Munger of Berkshire Hathaway and to our readership famously of Munger Tolles as well (noted in The Wall Street Journal.) By the time you read this, all of these visuals will be...
by Bruce | January 22, 2023 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Consider: According to PwC’s annual 2023 survey of CEOs worldwide (4,410 from 105 countries), 40% said they did not see their own companies as viable in 10 years if they stayed on their current path. Bob Moritz, PwC’s global chair, summarized it as follows:...
by Bruce | December 12, 2022 | Articles, Business Models, Cultural Considerations, Finance, Globalization, Leadership, Strategy
Remember these? We made it customary here at Adam Smith, Esq. to publish a “Letter from….” after our return from any meaningful business trip to noteworthy cities. And, thankfully, here we are. When you’ce been away from anything–a Great...
by Bruce | September 21, 2022 | Articles, Business Models, Finance, Globalization, Leadership, Practice Group Management, Strategy
Geography–a “sense of place”–is often taken for granted as the inevitable but fundamentally random by-product of historical happenstance, and almost never appreciated for the strategic dimension it provides–like it or not. Because...
by Bruce | July 5, 2022 | Articles, Compensation, Cultural Considerations, Finance, Globalization, Leadership, Practice Group Management, Recruiting, Strategy
Yes, I’m looking at you, law firm leaders. You, too, have a supply chain. It’s time to start thinking of it that way. May we take a step back for a moment? From the redoubtable St. Louis Fed comes a study Supply Chain Disruptions and Inflation During...
