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Performance Measurement

Strategy Driven

Value: The Four Cornerstones of Corporate Finance by Tim Koller. While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out. Discusses the four foundational principles of corporate finance.

ROIC 62
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Intelligent Redesign of Health Care

Harvard Business Review

The University of Texas MD Anderson Cancer Center is seeking to reduce its cost structure by redesigning its health-care-delivery model to reflect the true costs of care (the early stages of the project were described in a 2011 Harvard Business Review article by Robert S. Kaplan and Michael E. Leading Health Care Innovation.

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Making Sense of Our Very Competitive, Super Monopolistic Economy

Harvard Business Review

A company has an innovative idea, which for a while provides competitive advantage. Later on, a new innovator comes along and pushes it aside. Finance may be moving from a period without much competition into one of disruption, while technology is moving from a period of intense innovation into one of concentrated market power.

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How to Use Uncertainty and Surprise for Breakthroughs

LDRLB

Could we be ignoring the most fundamental tool that anyone can use to create disruptive innovation and change? This article is based on the book Leapfrogging: Harness the Power of Surprise for Business Breakthroughs with direct excerpts used from the recently published ChangeThis Manifesto titled Leapfrogging to Breakthroughs.

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Strong Patient-Provider Relationships Drive Healthier Outcomes

Harvard Business Review

“The proper goal for any health care delivery system is to improve the value delivered to patients … To properly manage value, both outcomes and cost must be measured at the patient level,” Harvard’s Robert Kaplan and Michael Porter tell us. SCF’s focus on relationships is mirrored in its approach to finance.

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The Mayo Clinic Model for Running a Value-Improvement Program

Harvard Business Review

The HBS team has been using Time-Driven Activity-Based Costing (TDABC), an approach initially proposed by one of us (Bob Kaplan) and Michael Porter, to help providers pursue the value-based delivery of care. One of the team’s central findings is that TDABC cannot be delegated to the finance function.

Mayo 8