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underdelegation causes senior people to neglect high-value tasks that are of critical importance to the future success of the firm.
David H. Maister • Managing The Professional Service Firm
Ownership
Josh Denver • 2 cards
James Rolle
@rollej
Under the old system, which might be called the “originate and hold” system, banks would make mortgage loans and hold those loans until they were repaid. In such an environment, bankers were very careful about the loans they made. After all, if a mortgage loan went into default, someone would come back to the loan officer and question the original
... See moreBurton G. Malkiel • A Random Walk Down Wall Street: The Best Investment Guide That Money Can Buy (Thirteenth)
Jeff Moore
@jpmoo
tracked—and then revised or adapted as circumstances dictate.
John Doerr • Measure What Matters: How Google, Bono, and the Gates Foundation Rock the World with OKRs
their own efforts improved due to his valuable insights which he’d held back before for fear of offending someone.
Adam Smith • Slaying Your Fear: A guide for people who grapple with insecurity
Construction firms had not been willing to take on the risk associated with delays; instead, they put that risk on their clients. But Ivar understood a fundamental proposition about the allocation of risk: both parties to a deal can gain when the party in the best position to bear a risk takes on that risk. Construction firms, not clients, were in
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