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CEOs Don’t Care Enough About Capital Allocation

Harvard Business Review

It’s been more than 50 years since Nobel prizewinners Franco Modigliani and Merton Miller identified return on investments as a major component of value creation (and value destruction). Financial analysis Financial management' This failure to even mention return on capital seems perverse.

CEO 8
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What an Economist Brings to a Business Strategy

Harvard Business Review

Consider first the increasing use of auctions, which have a distinguished history in the development of economics. Only the one I assert in my book Trillion Dollar Economists , that business managers may want to pay a bit more attention to the scribbling of academic economists. Here a few notable examples.

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Make Serendipity Work for You

Harvard Business Review

Merton and Elinor Barber.). If serendipity is a capability, then how is it developed, protected and sustained? Adrian Moorhouse is an Olympic Gold Medalist and Managing Director of Lane4, a global performance development consultancy. The princes did far more than make chance observations. Watson and Crick did.

Merton 15