Sublime

most significant management variable to be disclosed by the previous analysis is the choice of the mix of projects undertaken, and the implications this has for the (average) project team (i.e., leverage) structure.

However, Lee Kuan Yew believed that the crux of the challenge was that Singapore was a terrible place to do business.

any strategy development process must be consultative, one in which individual partners can become convinced that the benefits to them personally of achieving the goals will be worth the personal “costs” of doing new things or different things.

Another managing partner, well informed about a variety of professions, observes that “professional service firms are managed in one of two ways: badly or not at all.”

The ability to place ex-staff in prestigious positions is thus one of the prerequisites of a successful churning strategy.

firms are continually confronted with a basic dilemma. On the one hand, they can choose to follow a practice area down its life cycle, adapting organization structures, staffing strategies, pricing, leadership styles, and all else we have discussed above to the new requirements of the marketplace. Of course, in so doing they will be transforming