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We Can’t Study Short-Termism Without the Right Metrics

Harvard Business Review

While a laudable effort in principle, measuring a company’s tendency to make myopic operating and investing decisions is fiendishly complex. But the other indicators probably pick up legitimate differences in how companies in the sample operate, as opposed to whether they are myopic. On the surface, this measure looks reasonable.

EPS 8
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Business Needs to Do What Government Can't

Harvard Business Review

As Ashoka CEO Bill Drayton told us, the ongoing shift in our economies means we must abandon institutions where a few people tell "everyone else how to repeat together efficiently, be it a law firm or an assembly line, a world characterized by a limited and vertical nervous system."

EPS 8
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Managing in an Age of Winner-Take-All

Harvard Business Review

In the past, the effects of technological change were very much shaped by business leaders’ embrace of scientific management with its emphasis on efficient uniformity, and by simplifying assumptions about the behavior of economic man and the efficiency of bureaucratic organizations. This is a situation that cannot endure.

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How Amazon Trained Its Investors to Behave

Harvard Business Review

In fact, Amazon was only operating at such a high burn rate because it could. Well, he's a hedge fund veteran who has always taken a skeptical view of Wall Street, treating it more as a loopy rich uncle than the efficient information processor of standard finance theory. With Amazon, though, nobody emphasizes EPS.

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Why I'm Glad I Got Fired

Harvard Business Review

A friend of mine, Godfrey Sullivan , asked me to consider running the operations for the Americas unit at Autodesk. I was being asked to be the complementary half: the internal candidate would be the outward-facing VP running the Americas, but I would run the internal operations of the $200M+ business, owning the title "revenues manager."

EPS 15