A journal of ideas, enterprise, places, people, and the forces shaping the world around us.
Writing on enterprise, economics, strategy, culture and the experiences that shape how we understand the world. Grounded in observation and experience, with curiosity for what becomes visible when we look beyond the immediate.
Explore the Journal
Ideas
Enterprise, perspectives, and the questions worth exploring. Notes on building, creating, and understanding the world around us.
Economics
Economic forces as they are experienced in the real world. Markets, capital, incentives, productivity, policy, and the decisions businesses and people make within them.
Strategy
Choices, trade-offs, and the realities of building enterprises. How resources are allocated, organisations shaped, opportunities evaluated, and decisions made when the answer is rarely obvious.
Places
Journeys, landscapes, and encounters along the way. Observations from places that leave an impression and experiences that broaden our understanding of the world.
People
Conversations, encounters, and the individuals who shape our perspectives. Stories of character, craft, ambition, and the lives behind the ideas.
A Longer View
Reflections on time, change, and the things that endure. Looking beyond the immediate to consider what experience teaches us and what may matter in the years ahead.
Latest from the Journal
Recent notes, observations, and stories from across the Journal.
When Growth Competes with Growth
Growth and diversification are not necessarily measures of an enterprise’s strength. Drawing on earlier investment experiences, international business strategies and the realities of Indian enterprises, this essay examines how capital should be allocated between competing opportunities, why sustainable cash flow matters more than ambitious projections, and what distinguishes accumulating businesses from building institutions capable of…
Cyprus: What I Saw Beyond a Divided Island
In 2008, I travelled to Cyprus to understand which businesses could survive the global financial crisis. What stayed with me was something far more human: the resilience of communities, the relationships that sustained small enterprises, and the cooperation I witnessed across an island often defined by its political divisions. Through one modest restaurant investment, I…
What Enterprise Builders Should Understand About Productivity
Over the years, I have come to question whether disappointing productivity is always a reflection of the people working within an enterprise, or whether it sometimes reveals the limitations of the organisation we have built around them. Reflecting on my experiences with the restaurant operations under Whitefern Hotels Group, I find myself reconsidering the decisions…
From Small Enterprise to Enduring Institution: The Economics and Discipline of Scaling a Business
Growing a small business into a large enterprise requires more than increasing sales, expanding production or entering new markets. Drawing on the journeys of Adani, Wipro and Bharti Enterprises, this essay explores how businesses develop the financial discipline, organisational capabilities and strategic judgement needed to scale sustainably. It examines why successful expansion depends not simply…