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Reinvent or Stagnate

One of the consultants at McKinsey I worked with, is today leading McKinsey's digital initiatives. You might say -- naturally, an engineer can't help being an engineer! But this person was NOT an engineer. He was a hardcore Pharma and Lifesciences...

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Remembering Deepak Ratan

A year ago, we lost Deepak Ratan, my friend, IPS batchmate, and an illustrious officer, to a heart attack. We are all in shock. Deepak was still in...

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The efficiency paradox

During my days at McKinsey, I once asked a retired senior partner about life before PowerPoint. How did they make presentations to clients? He said that they used to create presentations on big chart papers using felt-tip pens. They would have to...

Freedom over fortune

You should envy Warren Buffett and the late Charlie Munger -- I certainly do. But not because of their billions. But because of how happy and joyful they are. In their 90s, they have the infectious enthusiasm and curiosity of a 25-year-old. They...

Embrace constraints

A McKinsey partner once told me about his niece who got a job offer as a management trainee from a world-leading healthcare company. This company had (and still has) a spectacular global brand, and is a market leader in many categories. And...

The right kind of smartness in business

At the Berkshire Hathway annual meeting, (the late) Charlie Munger said, "We are not that smart but we kind of know the edge of our smartness. But a lot of people who are geniuses, think they are a lot smarter than they are. What they are, is...

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