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Sunday, November 28, 2021
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A quest for truth

Management, like medicine, can be taught. Sadly, the state of the art is a couple of centuries off the pace.

Down-payment required to curb bid fever

We would be better off if executives involved spent more time minding the store, rather than negotiating to buy each other's stores - so here is a proposal to put sand in the wheels of the takeover machine.

Poor odds on the takeover lottery

Second hand firms have something important in common with second hand cars. This explains why takeovers have tended to disappoint.

Learning to define the core business

Ted Levitt’s challenge to “define what business you are in” was based in a fundamental confusion between industries and markets.