Harvard Business

FEBRUARY 7, 2017

Companies deliver superior results when executives manage for long-term value creation and resist pressure from analysts and investors to focus excessively on meeting Wall Street’s quarterly earnings expectations. This has long seemed intuitively true to us. The returns to society and the overall economy were equally impressive.

Management 70

Management Metrics Financial Company 70

Harvard Business

JULY 17, 2018

During Jeff Immelt’s tenure as CEO of General Electric, from 2001 until 2017, the company’s stock price fell by over 30%, a decline of roughly $150 billion in shareholder value. In my view, however, the structure and processes of the GE board were poorly designed for effectively overseeing Immelt and his management team.

Cash Flow 70

Cash Flow Finance Financial Company 70

Harvard Business

NOVEMBER 20, 2017

Following the company’s go-private transaction in October 2013 , Dell put in place new models for strategy development, resource allocation, and performance management. Any deviation from management’s forecast meant failure, regardless of how effectively the strategy was executed. Take Google.

Strategy 72

Strategy Strategy Strategy& Company 72

MishTalk

APRIL 1, 2015

Although most governments are required to balance their budgets on a cash flow basis each fiscal year, a structural budget gap can arise when recurring expenditures are greater than recurring revenues. It is not a balance sheet test, but a cash flow test. This is one of several eligibility criteria.

Financial 28

Financial Engineering Finance Government 28