Thoughts on Corporate Strategy, 2001

The primary problem in corporate strategy is very bad practice. Despite research and teaching
and the best advice of the best consulting firms, large companies tend to seek size and diversity
rather than innovation and value creation.

Avoiding a Power Meltdown, Op-Ed Los Angeles Times, 1/22/2001

The immediate crisis right now—this week and next— is financial.

ad hoc scholars Manifesto on the California Electricity Crisis, 2001

We, the undersigned, an ad-hoc group of professionals with experience in regulatory and
energy economics, ... have come together quickly because we are alarmed.

ad hoc scholars Manifesto on the California Electricity Crisis, 2003

Although wholesale electric prices have moderated and California no longer faces the risk of blackouts, in many ways the industry is in worse shape now than it was at the start of 2001.

The Five Frictions: The Sources of Organizational Inertia

Briefing memo for CORE (INSEAD).