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Search parameters: - Leadership supply
July 2003Article Under the Star System
Legal Times 7/28/2003
by Jay W. Lorsch and Thomas J. Tierney
Not rainmaking but 'star making' is what fuels long-term success in a slow economy.
Article Building A Bench
American Lawyer 7/1/2003
by Jay W. Lorsch and Thomas J. Tierney
Stars are those lawyers who have the highest future value to a firm as an organization-young lawyers who are potential rainmakers, for instance, or lawyers whose work is so outstanding that potential clients seek them out. Star-making is the ability to align star lawyers' needs with the firm's strategic goals, to allow the firm to get as much value as possible from stars. To obtain a lasting competitive advantage, there is no greater priority than recruiting, developing, and retaining star talent. In fact, a recent Bain & Company study suggests that the single biggest root cause of law firm failures is that they underpay their stars (who eventually depart), while overpaying their lowest-performing tier of partners. This leads to a dilution of the entire partnership's capacity and, eventually, a meltdown.
December 2002Article Putting Your Leaders Where It Counts
European Business Journal 12/1/2002
by Dean Donovan, Alan Bird, Robin Buchanan, Paul Rogers, and Marcia Blenko
Companies that systematically and continuously put the right leaders in the right jobs outperform companies that don't-by a wide margin. In this article, the authors argue that chief executives must recognize and act on the consequences of how they deploy their best managers.
April 2002Bain Brief Debunking layoff myths
Bain Brief 4/1/2002
by Darrell Rigby
Popular wisdom says layoffs are the reflex response for most businesses when the economy weakens. But Bain & Company's year-long analysis of layoffs at S&P 500 companies proves that wisdom wrong. The results debunk four myths about downsizing. They reveal that: not all companies go into automatic layoff mode at the first hint of downturn; big job losses can actually hurt stock prices because they can invoke greater costs than benefits; shareholders can tell "good" job cuts from "bad"; and "binge and purge" employment practices are a flawed response to economic ups and downs.
March 2002Book Aligning the Stars: Organizing Professionals to Win
Harvard Business School Publishing 3/21/2002
by Jay W. Lorsch and Thomas Tierney
Most businesses rely on talent to succeed, but none so much as professional service firms. Within this rapidly expanding, trillion-dollar industry, professionals--and how they're managed--are the primary sources of competitive advantage. In fact, success in this sector is determined more by the people you pay than the people who pay you. By describing how to attract, retain, motivate, organize, and lead the stars that shape a company's destiny, this book provides valuable lessons for the current and future leaders of every talent-driven business. For more information, please visit www.aligningthestars.com.
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