Sublime

How do you strengthen your capacity to embrace the tough decisions that come with leading adaptive change?

Goldman Sachs: “You learn from day one around here that we gang-tackle problems. If your ego won’t permit that, you won’t be effective here.”2

over time, the proportion of juniors to seniors required by the firm in a particular practice area will tend to increase.

they can choose to gradually abandon maturing practice areas in order to maintain stability in firm culture and management, requiring them to move into new practice areas that more closely match the basic approach of the firm.

Can we become better than our competition at accumulating, disseminating, and building on our firmwide expertise and experience, so that each professional becomes more valuable in the marketplace by being empowered with a greater breadth and depth of experience?

On the other hand, an improvement in competitiveness in the firm’s core businesses will have a much higher return on investment since the firm can capitalize on it by applying it to a larger volume of business.

In each case, a brilliant man put his company in jeopardy because measuring himself and his legacy outweighed everything else.

To maximize the chances of success, move the members of the group into peer consulting, where they begin systematically to consult to one another on the leadership headache they have just given each other.

focusing the collective efforts of the firm’s principals around carefully chosen areas of experience would…

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