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The article discusses that successful businesses can never be built by imitating the competitors. It discusses on "reverse causality" which describes that one should focus on cause of success than imitating competitor, discussed on the empirical research by Harvard Business School's Boris Groysberg in his book "Chasing Stars: The Myth of Talent and the Portability of Performance" and discussed importance of individual experience and choices made by individual firm.

Executive summary Managing a group of strong-willed professionals is not a task for the faint of heart. If a team is to find success, its members must share a consensus [...]

When people say that they despise meetings, what they are really expressing is their frustration with having to sit through protracted and unproductive meetings. People despise meetings where 'minutes are [...]

From Los Angeles and New York, to London and points in-between, every law office management conference that has been scheduled of late has someone on the agenda addressing the topic [...]

As a group leader, you might lead a geographic unit, or one based around a specific project, client, industry or discipline. You don't manage the whole firm, but head up, [...]

As a group leader, you might lead a geographic unit, or one based around a specific project, client, industry or discipline. You don't manage the whole firm, but head up, [...]

As a practice group leader, you must be ever vigilant when communicating to your people that having a strong team can impact your collective fortunes in building competitive superiority in [...]

To reach their potential in productivity and profitability, more and more accounting firms than ever before have been seriously focusing on the development of effective practice groups. However, many firms [...]