The seeds of destruction are sown in good times, as the proverb goes, and these have been good times for the advisory industry. Because our industry has been so successful, we have started to make some dangerous assumptions. Perhaps it is a good time to review our business models and take a hard look at these assumptions.
The Rain Will Come Back
The seeds of destruction are sown in good times, as the proverb goes, and these have been good times for the advisory industry. Because our industry has been so successful, we have started to make some dangerous assumptions. Perhaps it is a good time to review our business models and take a hard look at these assumptions.
Finding Chemistry For Rainmakers And Team Players
For a firm to thrive, it needs to intentionally balance the needs of star performers with those of the team.
Voting a Partner Off the Island
Firms sometimes face the painful and difficult task of asking a partner to leave. How to minimize the disruption when that becomes inevitable?
Do Scooby Snacks Work?
Bonuses can be effective for short-term action. For long-term behavior change, culture and management should also play a role.
Stop With The Phony Slogans
Firms spend an enormous amount of time crafting vision statements, statements of values and “reasons why.” The result is bland sentences that offer no insights about the actual direction of a firm, the behavior of its people or the quality of the decisions they make.