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

Strategy Driven

MAY 4, 2019

When elevated into leadership positions, it’s often assumed that people understand finance. A company is a financial machine created to produce profit and cash flow, therefore leaders with decision-authority (and especially those with P&L responsibility) must understand how they make an impact on the bottom line.

P&L 57

P&L CFO Finance Sharpe 57

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 17, 2014

Rajamannar involved finance early. To spearhead analytic efforts, he assigned a finance person – who was already embedded in marketing – to create an ROI evaluation framework and integrated her deeper into the marketing function. As an ingredient brand, Intel often struggled to link marketing to P&L impact.

Finance 15

Finance Marketing P&L ROI 15

Harvard Business Review

FEBRUARY 13, 2012

I've written about the rising significance of soft skills, including in the March 2011 issue of HBR (coauthored with Kevin L. The CIO has to know what's going on in finance and marketing, for instance, and P&L experience is important even for support functions like human resources. You have to be constantly learning.

Execution 17

Execution P&L CFO Globalization 17

Harvard Business Review

FEBRUARY 9, 2011

They do this by building consumer P&Ls through cross-functional teams across marketing, sales, supply chain and finance, much like some companies have built account and product P&Ls. These 'data hogs' likely have different levels of profit based on their spending patterns beyond data plans (e.g.,

P&L 15

P&L Supply Chain Retail Price 15

Harvard Business Review

JULY 10, 2012

Two decades ago, organizations were designed around stand-alone business units, so all managers had to understand finance, technology, manufacturing, sales, marketing, strategy, human resources, and more. At one time general managers were at the center of the action.

Management 15

Management P&L Incubator Finance 15

Harvard Business Review

FEBRUARY 16, 2018

In another multinational company I work with, the executive team, the business unit teams, the regional teams, and the country teams were painfully duplicating work — everything from P&L management to key hiring decisions to customer relationship management. Strategy and priorities were set at the executive team level.

P&L 16

P&L How To Finance Metrics 16

Harvard Business Review

MARCH 18, 2011

There are many moving parts in people's career decisions — family, the economy, finances — and you may simply not know what the next five years holds. Saying you want P&L responsibility in five years when you have no such ambitions may land you the job, but ultimately will you be happy? If you don't know, admit it.

P&L 22

P&L Committee Career Learning-by-Doing 22

Harvard Business Review

FEBRUARY 24, 2011

Establish "an unbending standard of performance" : Since 1965, Buffett has annually compared Berkshire's compounded growth in book value per share to the growth in the S&P 500 (plus dividends). 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. All names have been changed and specific titles disguised.) He has structured several experiments to simultaneously improve his performance at work and his life at home.

P&L 12

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

NOVEMBER 1, 2011

keep hearing from top executives at large, profitable companies that they're under "P&L pressure." What he said was this: "I don't know any CEO that would want to run a company the way analysts would want us to.".

GAAP 12

GAAP Short-term P&L EPS 12

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. What specific skills do you want to cultivate?

P&L 9

P&L Education Learning-by-Doing Finance 9

Harvard Business Review

MARCH 20, 2013

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

For example, when the finance manager of a region has to coordinate intensely with the heads of the country subsidiaries in that region, it may make sense to put the business controller of each subsidiary in a matrixed position, that is, to have each of these report not only to their respective subsidiary head but also the region finance manager.

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

But if women don't feel comfortable handling their own money, it's unlikely that they'll feel comfortable handling a P&L for their firm — and if you don't feel comfortable with P&L responsibility, you're not going to make it to the top ranks of management. Some of the dreams I finance are close to home.

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