Strategy Driven

MAY 4, 2019

A study of UC Berkeley PhDs discovered that EQ was 40 times more powerful in predicting who achieved success in their fields than IQ ( Developing Management Skills ). managers, the average score on a simple financial literacy test was 38% (Harvard Business Review). Strategy without finance is dead.

P&L 57

P&L CFO Finance Sharpe 57

Strategy Driven

DECEMBER 2, 2019

However, a company’s biggest expense doesn’t show on a P&L, at least not directly. It has to be the responsibility of every single department: human resources, training, marketing, support, sales, IT, finance, operations and, most importantly, leadership.

Company 69

Company P&L Bottom-up Advertising 69

Harvard Business Review

APRIL 14, 2022

Executives must carefully consider the timing and pacing of these changes.

P&L 22

P&L Execution Restructuring Finance 22

Harvard Business Review

JULY 10, 2012

Have you noticed that general managers are scarce these days? But in many large companies, the only true general manager is the CEO. Everyone else, whether in the C-suite or in the senior management ranks, runs a piece of a business or a support function. At one time general managers were at the center of the action.

Management 15

Management P&L Incubator Finance 15

Harvard Business Review

FEBRUARY 13, 2012

Most people come out of business schools fairly well armed with technical skills, but the softer side of management — communication, collaboration, cross-cultural intelligence, for instance — has dramatically grown in importance, and will continue to do so. Here are five reasons. Soft skills are more important than ever.

Execution 17

Execution P&L CFO Globalization 17

Harvard Business Review

FEBRUARY 9, 2011

It may seem counterintuitive, but smart companies need to routinely rid themselves of less profitable customers, the same way an asset manager or rebalances an investment portfolio or a Major League Baseball general manager trades a declining player. So how does one take full advantage of a 'window to winnow'?

P&L 15

P&L Supply Chain Retail Price 15

Harvard Business Review

MARCH 18, 2011

Most businesses don't even know what's going to be required in two or three years," says Joseph Weintraub, a professor of management and organizational behavior at Babson College and co-author of the book, The Coaching Manager: Developing Top Talent in Business. "Five years, in today's environment, is very hard to predict.

P&L 22

P&L Committee Career Learning-by-Doing 22

Harvard Business Review

FEBRUARY 16, 2018

And 71% of senior managers view them as unproductive. Any standing meeting, whether it’s of a departmental leadership team, a cross-functional group owning a process like innovation or talent management, or a task force managing a six-month transition to a new technology, should be designed and linked to a broader governance plan.

P&L 16

P&L How To Finance Metrics 16

Harvard Business Review

FEBRUARY 24, 2011

Imagine if managements, boards, and investors adopted them: we could restart our economy, energize our business school curricula and create prosperity for our children and grandchildren. In all but seven of these 45 years, Berkshire beat the S&P. Berkshire's talented managers get the P&L independence to run their own businesses.

Letter 15

Letter P&L Net Present Value Insurance 15

Harvard Business Review

AUGUST 5, 2014

To stitch it all together meaningfully, CMOs are increasingly expected to act as general managers with P&L or shared/shadow P&L responsibility that drive revenue growth. Says Abi Comber, Head of Marketing for British Airways: “Having P&L responsibility is incredibly powerful.

P&L 14

P&L Banking Marketing Call Center 14

Harvard Business Review

MAY 20, 2016

More than 25 years ago, William Sahlman wrote the HBR article “Why Sane People Shouldn’t Serve on Public Boards,” in which he compared serving on a board to driving without a seatbelt, that it was just too risky—to their time, reputations, and finances—for too little reward. ” Similarly, Sempra CEO Debra L.

Execution 13

Execution P&L CEO COO 13

Harvard Business Review

FEBRUARY 21, 2013

David is a VP who is accountable for a multi-billion dollar P & L business. His wife is a finance director at another company. She's reminded me that each new job is bigger and more demanding so it will be critical to continue to get better and better about managing my time and calendar as I develop throughout my career.".

P&L 12

P&L Long-term Learning-by-Doing Team 12

Harvard Business Review

NOVEMBER 1, 2011

keep hearing from top executives at large, profitable companies that they're under "P&L pressure." Wouldn't it be more personally rewarding for them — and all the layers of management beneath them — to build and lead fundamentally more profitable organizations (versus maximizing short-term profits)?

GAAP 12

GAAP Short-term P&L EPS 12

Harvard Business Review

MAY 21, 2013

If you''ve got a genuinely creative idea — or even a " me, too with a twist " — Kickstarter''s "crowd funding" platform offers a genuinely innovative way to finance creativity and innovation. But what if a slice or sliver of people''s compensation was denominated for Kickstarter-esque discretionary financing?

Innovation 8

Innovation P&L Company Creativity 8

Harvard Business Review

OCTOBER 9, 2017

Formal degree programs excel at general education: an MBA, for instance, gives you a little bit of everything you might need as a leader, from finance to marketing to operations. In my first book, I profiled Joanne Chang , who started her career as a management consultant and ultimately became a prominent restaurateur.

P&L 9

P&L Education Learning-by-Doing Finance 9

Harvard Business Review

MARCH 20, 2013

Yet corporate top management invariably tries hard to force each unit into an overarching strategy. These four divisions set their own strategy — e.g. the business strategy for engineering services, the strategy for elevators, et cetera — and have their own management teams and P&L.

Strategy 10

Strategy P&L Engineering Cooper 10

Harvard Business Review

MARCH 1, 2016

Just in case you’ve forgotten, a manager in a matrix organization has two or more upward reporting lines to bosses who each represent a different business dimension, such as product, region, customer, capability, or function. The executives in charge of the various groups sit together naturally in the top management team.

Organization 8

Organization P&L Report Finance 8

Harvard Business Review

OCTOBER 10, 2017

One reason for the paltry performance is that while other business areas, like sales or finance, are considered to be core functions, innovation is often considered to be something that’s “nice to have” rather than essential. Don’t Get Trapped in Your P&L. Here are four things leaders can do.

Innovation 9

Innovation P&L ROI Long-term 9

Harvard Business Review

DECEMBER 17, 2012

Yet most remain uneasy or uninvolved when it comes to talking about and managing money. When she's not at work managing a portfolio that consistently outperforms relevant benchmarks, you can find her at home buying and bearing bonds. Some of the dreams I finance are close to home. — USA Today.

Finance 11

Finance P&L Due Diligence Hedge 11

Harvard Business Review

FEBRUARY 27, 2014

Bratton and Michael L. Economy Finance Risk management' This debate is happening because in Halliburton Co. John Fund, Inc. , a case scheduled to go to oral arguments on March 5, the Supremes are reconsidering the “fraud on the market” doctrine at the heart of most securities-class-action lawsuits.

Training 8

Training Class Efficiency Price 8