Tag: Management
True and fair values melt under a spotlight
The true and fair view is subjective, and no accounting principles, however extensive, can cover all conceivable situations.
Sex, profits and rock ’n’ roll
The lesson of EMI is not that media industries are unique, but that you can lose a lot of money if you overpay for a company with a broken business model, as you can in any other industry.
Look back in anger at the spirit of the age
Every era spawns financial follies. Every era spawns observations that, with hindsight, protagonists wish they had not made.
Innovation is not about wearing a white coat
Like all business success, innovative success is based on matching capabilities to market.
How the market proved no panacea for BT
If you aim to create a dynamic, successful business, a state-owned utility is not the place to start.
True survivors do not clutch at straws
Maintain a clear sense of long-term objectives but acknowledge the limits on your day-to-day actions.
Banks must learn to put the customer first
If financial institutions are to survive, they must behave more like supermarkets
Banks brought down by new Peter Principle
It is particularly easy for those who work in financial institutions to make the mistake of believing that their success is the result of exceptional skill rather than good fortune. Until vanity is vanquished, I anticipate that diversification to the level of incompetence will continue to be a powerful element in business behaviour.
What a carve up – Book review
If you want to understand how the City came to play such a central role in British economic and political life, why a crash was inevitable, and why the crisis is being resolved on terms which give so much and ask so little of the financial sector, this is the most important thing you need to understand: the influence of investment banks on modern politics and policy.
Managers doomed to repeat the mistakes of history
The Whiz Kids’ capacity for analysis far exceeded their knowledge of the world to which it was applied.