This Is Your Wake-up Call: 12 Steps to Better Book Publishing
The underlying problem facing the industry is twofold: there are too many books, and too many of them are derivative of each other. You've heard of Gresham's Law—the idea that bad money drives out good. Our industry has long suffered from Grisham's Law, where opportunistic authors and publishers try to imitate John Grisham and other category leaders with books modeled on someone else's commercial success. That strategy might make sense if there were great demand for these imitators, but in today's overcrowded, competitive marketplace, this kind of thinking is dangerous, because it devalues the environment into which we present our work.
[link via Dystel & Goderich Management blog]