What is the Firm?

Abstract

Last February, a lecture was given to the participants of an advanced management program at one of the North European schools. The program was attended by about 70 senior executives from Europe, the U. S. and Asia. Since each participant had typically 20 to 30 years of management experience, their combined experiences would easily amount to 1,500 years. With such a span of time, one could easily go back to the old history of the Eastern Roman Empire. Due to their extensive experience, most professors without substantial field experience would tend to feel immense pyschological pressures when they were to give a lecture to the participants.