I'm tracking others' insights -- on Economics

Here's a roundup of some important insights I've found on others' blogs, with my remarks about why you should read their posts.  These posts are about economics, which is a terribly under-considered subject in the professional services arena.

• Knowledge Management Yesterday and Today -- Bruce MacEwen, writing in his Adam Smith Esq blog, has recently posted another gem.   His focus is on the economics of law firms, but he makes great points on the economics of any professional service firm.  This post, about knowledge management, reminds us again about the critical link between marketing and intellectual capital. If your marketing purview DOESN'T include shaping your firm's intellectual capital, or if no one else at your company is leading this effort formally, it will be increasingly hard to maintain your competitive edge.
• Take a look at the remarks of another law-firm thought leader and blogger, Gerry Riskin.  In his review of an article about the the impact of offshoring for law firms, Riskin cites "sobering information especially for those who hope that it means offshoring will just fade away sooner or later."  I've tried to raise awareness about this issue, too.  How many professional service firms are working TODAY to consider the impact that offshoring will have on their firms' future marketplace position and economic health?