Smart, ambitious executives want to become better at everything. Does this remind you of your firm? Do you sit in meetings where you make long lists of products and processes to improve? The sad news is, of course, that any attempt to get better at everything virtually guarantees mediocrity—exhausted mediocrity at that. By spreading scarce resource

In many situations, the main impediment to action is the forlorn hope that certain painful choices or actions can be avoided—that the whole long list of hoped-for “priorities” can all be achieved. It is the hard craft of strategy to decide which priority shall take precedence. Only then can action be taken. And, interestingly, there is no greater t

Jack Welch once said of his role at General Electric, “Look, I only have three things to do. I have to choose the right people, allocate the right number of dollars, and transmit ideas from one division to another with the speed of light.”

Peter Drucker says one of the critical problems in the workplace today is that there is a lack of understanding between the employer and employee as to what the employee is to do.