Book review: How Companies Can Keep Trim, by David Maister
Tuesday 04 March 2008
Latest in SME
On Facebook
David Maister is probably the world's foremost expert on the management of professional services firms. Although it would be overstating the case to claim that every lawyer and accountant takes his words as gospel, it is certainly true that his previous books, Managing the Professional Services Firm and True Professionalism, are together regarded as something of a bible in the field.
Indeed, while most management writers have concentrated on advising corporates, Maister, a transplanted Brit now living and working in Boston, has struck out for pastures of his own. This has turned out to be quite a smart strategy since the field he has chosen has grown rapidly in recent years, as professional services firms have grown in size and influence.
There are still people working in some of the world's largest law firms, for instance, who can remember the days when all the partners could fit in the same room for dinner. Now, they would be hard-pressed to know the names of all their partners.
This increase in size has been accompanied by growing complexity and hence the need for much more management than was once the case. What Maister recognised early on was that the special nature of the people concerned – they tend to think of themselves in terms of their profession first and then in terms of the organisation to which they belong – meant that the standard management approaches adopted by corporates would not work. In particular, Maister urges professional services firms to stay true to the values held by the individuals in them.
Although he has become very successful, Maister has never taken himself too seriously. Anybody who knows him will realise that the latter part of the title of his latest book is at least in part a reference to himself.
As ever with him, there is a serious point behind the apparent frivolity. And, although the book is ostensibly targeted at those in professional services firms, its messages hold true for any type of business organisation where the founder's original vision can very easily be lost sight of.
The key point is that just as individuals know that to be more healthy they should lose weight, give up smoking and do more exercise, so businesses realise that they need to build relationships with clients or customers, act like team players and build motivating careers for their workforces. He says: "We know what to do, we know why we should do it and we know how to do it. Yet most businesses and individuals don't do what's good for them." The reason is simple: in both cases you have to go through too much pain to get to the desired result. It is easier to give up. It is only when a shock comes – in Maister's case, a visit to the hospital – that they change their ways.
His prescription is to realise that implementing a successful business strategy is about a permanent and total change in lifestyle. To achieve this, the strategy must be constantly monitored and the leadership has to be seen to be serious about the strategy, while employees at all levels must be fully engaged. In particular, the strategy needs to be broken down into achievable steps. It is much more effective to urge a fat smoker to lose a pound a day than to tell them they must lose 50 pounds.
"If we are prepared to rethink how we view strategy and business life, then people can achieve things they never thought possible," he says hopefully. "If I can become a fitter, non-smoking exerciser, there's truly no limit!"
- 1 Eight arrests as Murdoch 'throws staff to the wolves'
- 2 I was born to be a killer. Every night I see the Devil in my dreams
- 3 Spotify: 1 million plays, £108 return
- 4 Lightning kills an entire football team
- 5 Modern lovers: The 'sexual body warriors' and pioneers transforming 21st-century relationships
- 6 BBC to issue global apology for documentaries that broke rules
- 7 Mona Lisa's 'twin sister' is discovered – 500 years late
- 8 Best served cold: BBC canteen has the last laugh on Twitter
- 9 Pucker up: The art of kissing
- 10 Did Banksy's latest work bring misery to a homeless man?
- 1 Murdoch hit by threat of new legal fight in US
- 2 Lightning kills an entire football team
- 3 Eight arrests as Murdoch 'throws staff to the wolves'
- 4 I was born to be a killer. Every night I see the Devil in my dreams
- 5 What really happened on the bridge when the Costa Concordia crashed
- 6 Letters raise fears for last Briton in Guantanamo
- 7 BBC to issue global apology for documentaries that broke rules
Free trial of new Independent iPad app
Get your daily dose of the best of British journalism, sponsored by American Airlines
Win a three-week coastal jaunt
Spend three weeks exploring every nook and cranny of gorgeous Atlantic Canada.
Amazing restaurant offers
Three glasses of free champagne and a special menu at 46 top London restaurants.
Latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
Apple admits it has a human rights problem
James Lawton: AVB looks all at sea
Procrastination: Not now – I'm busy
Silent revolution at the Baftas
The diva who had – and lost – it all


Comments