Harvard Business Review

MAY 1, 2017

And the average long-term ROE is more than 25%, reflecting improved efficiency combined with greater reliance on financial leverage at most companies. In our experience, companies still focus more on cutting costs than on developing and executing new growth strategies. The result: a shortage of good growth ideas.

ROE 15

ROE Long-term GDP Short-term 15

Harvard Business Review

APRIL 14, 2015

The results of this paper provide support to an earlier article (“ The Performance Frontier: Innovating for a Sustainable Strategy ”) where we described a framework that companies could use to create value by doing good. SASB uses the U.S.

Financial Leverage 8

Financial Leverage Construction Industry Transportation 8

Harvard Business Review

AUGUST 9, 2016

a condo development, apartment building, or golf course). Following the real estate metaphor, the PE company is less like a house flipper and more like a property developer: each separate home is designed, built, bought, and sold as an independent property. In this phase, the acquired property is not just managed, but transformed.

LBO 8

LBO Restructuring Real Estate Leveraged Buy-out 8