Practice Management: Change Is Good
In the last week, I read two articles that reminded me that change is inevitable and should be embraced. The only way I can see to stay ahead of ever-changing market conditions is to institutionalize processes to assess strengths and weaknesses, and to improve before you fail. In other words, run toward a goal; otherwise you are likely to run toward failure.
Innovate Today With Disruptive Business Practices
It is interesting to see how disruptive business models can impact a market. Southwest Airlines is a good example. With its focus at first on smaller markets, flying only one type of aircraft, and simple fare structures, Southwest dramatically altered the airline market. In technology, Amazon and Craig’s List both changed their markets forever. Are there lessons for law firms regarding disruptive business models?