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Reflecting on David Garvin’s Imprint on Management

Harvard Business Review

One of the many articles circling back to this topic of late revisited the still-common use of NPV hurdles in investment decisions.) A follow-up article, coauthored with Amy Edmondson and Francesca Gino, delved more deeply into such issues as psychological safety, openness to new ideas, and leadership attention.

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Is Your Business Biased Against Innovation?

Strategy Driven

Net present value [NPV] is a case in point. The logic of NPV is to project cash flows into the future and then discount those flows back into today’s dollars at a given cost of capital. One problem is that NPV calculations tend to compare today with some future state. To read Rita’s complete biography, click here.