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10 Reasons Why Every Manager Should take a Finance Course

Great Leadership By Dan

Caution: when employees feel like owners, no more wasting money on expensive furniture, management boondoggles, or projects with a poor net present value. Yes, you too can speak like a CFO! They will call you on it. You’ll be able to hold your own in management and board meetings.

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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

Business students have traditionally considered net present value, payback period, and hurdle rates as necessary tools to determine which project to select. CFOs of these companies themselves admit that they cannot justify their market capitalizations based on traditional metrics.

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How CMOs Can Get CFOs on Their Side

Harvard Business Review

In our work with clients across dozens of sectors over more than five years, we have found that the strongest CMO/CFO partnerships develop when both parties undertake five actions: 1. CMOs need to start building this relationship by having a clear understanding of what CFOs expect.

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When It Pays to Think Like a Finance Manager

Harvard Business Review

Do you think they’re going to do a net present value (NPV) analysis that shows they don’t need that computer? Several years ago, when I was serving as the company’s CFO, one of founders came to me and said, “Joe, I would like to buy a new three-dimensional printer.” Joe Knight. Add to Cart.

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The Most Common Reasons Customer Experience Programs Fail

Harvard Business Review

But the problem with this approach is you really can’t control for all other things that could cause scores to rise, and you can’t assume that a rise in scores is good for net revenue. Customer Lifetime Value : This is the net present value of all future customer revenues with account for attrition and your discount rate.