Harvard Business Review

OCTOBER 20, 2014

In the 1990s, Procter & Gamble’s Product Supply Organization kicked off a major Reliability Engineering program, much like the efficiency initiatives of companies such as Toyota. P&G didn’t go into its early connected device initiatives with a “let’s try this out and see what it gets us” mindset.

Discounted Cash Flow 8

Discounted Cash Flow P&L NPV EBITDA 8

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

JULY 10, 2012

GE, for example, went from hundreds of discrete BU 's to a dozen large businesses with each one having strong, centralized finance, HR, engineering, marketing, and manufacturing units. The transition consolidated those support functions which were common among the BU's.

Management 14

Management P&L Incubator Finance 14

Harvard Business Review

SEPTEMBER 21, 2016

Before joining Facebook as a security engineer in 2015, I worked in industries from consulting to manufacturing to retail. Instead, it was forged by individual engineers and managers who recognized the opportunity to collaborate across the organization for improved performance, lower costs, and faster development cycles.

Team 8

Team P&L Engineering Cost 8

Harvard Business Review

JANUARY 17, 2012

They want to chug ahead, like the Little Engine That Could. Consider George, a CEO of a large building-engineering firm in Silicon Valley. They want to get on with things. I also think something else is going on, and leaders need to pay attention to this subtle but notable shift in employee energy. What does happiness mean?

P&L 13

P&L Construction Survey Stress 13

Harvard Business Review

MAY 25, 2018

Already, consumers are being disintermediated from traditional brand choices via search engine and online retailer algorithms that determine which products are presented to consumers, and in what sequence. Frictionless commerce will test the emotional bonds that make consumers loyal to established brands. That puts all brands in danger.

Mass Marketing 8

Mass Marketing Disintermediation Retail Brand 8

Harvard Business Review

MARCH 20, 2013

Take Philips Electronics with its lighting, medical equipment, and consumer electronics divisions; ThyssenKrupp with its steel, elevators, and engineering services units; or smaller companies such as Trinity Mirror, which offers newspapers, printing, and digital services.

Strategy 8

Strategy P&L Engineering Cooper 8

Harvard Business Review

OCTOBER 10, 2017

Don’t Get Trapped in Your P&L. Google’s “20% time” acts as a human-powered search engine for new problems. To close the gap, we need to treat innovation differently than we do normal operations. Here are four things leaders can do.

Innovation 8

Innovation P&L ROI Long-term 8

Harvard Business Review

AUGUST 21, 2013

I look around and see that my male colleagues have P&L responsibility and most of us are in staff roles. They had good reasons for this behavior: Experienced engineers were hard to find, and time constraints pressured leaders to fill roles quickly. So sometimes I seem to have difficulty getting traction for my ideas.". "I

Education 9

Education P&L Constraint Participative 9

Harvard Business Review

JANUARY 29, 2015

As Marco Annunziata , Chief Economist at GE, told me, “We’re no longer selling customers just a jet engine, a locomotive, or a wind turbine; we’re bringing data and actionable solutions along with the hardware to reduce costs and improve performance.” The next question was where to establish the software center.

Software 8

Software Six Sigma Insourcing P&L 8

The Empowered Buisness

OCTOBER 20, 2015

A leader wearing the hat of teacher focuses on building competencies and thinking capabilities – such as how to read a P&L statement or presentation skills. BMW supplied diesel engines to Toyota. Teaching focuses on cognitive skills and capabilities. Coaches and teachers focus on the external aspects of performance.

P&L 100

P&L Strategic Planning Game Theory Mission Statement 100

Harvard Business Review

JANUARY 30, 2013

Well, put simply, the more elements of the design that are under your control, the more effectively you're able to radically change the design of a product — you give your engineers more degrees of freedom. Lawyers will probably need to get involved.

Outsourcing 8

Outsourcing P&L Airlines Price 8

Harvard Business Review

JANUARY 26, 2018

With it, we articulate our M ission, the constituencies we S erve, the P lays we’re going to run this year, the plays we are going to O mit, and how we will T rack our progress. The single best tool I have found to help unlearn the yes-man ways of a startup CEO is a single-page document we call our MSPOT.

P&L 15

P&L Strategy Press Release Marketing 15

Harvard Business Review

DECEMBER 20, 2011

The extreme weather seriously disrupted coal production , one of the most important economic engines in the country. The movement has been building for years, from P&G opening up its product development pipeline early in the 2000s to the launch of the GreenXchange for sharing green patents early in 2010. Watch this space.

Supply Chain 15

Supply Chain Apparel P&L Long-term 15

Harvard Business Review

JULY 23, 2013

The first is to get various functional silos and P&L centers sharply aligned with the specifics of customer requirements. The person in charge of online banking might want a different offering than the person leading the branch offices, just as an engineering head might want a different set of product features than a manufacturing VP.

P&L 8

P&L Decentralization COO Restructuring 8

Harvard Business Review

DECEMBER 17, 2012

This friend also studied engineering in college and knows how to code. 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.

Finance 8

Finance P&L Due Diligence Hedge 8

Harvard Business Review

MARCH 27, 2012

This person, let's call him Bill, had been with the company for many years, understood the engineering and supply chain issues, and was well respected by everyone. Look," he said, "I currently have 10,000 people reporting to me and responsibility for the largest P&L in the company.

Career 17

Career P&L Supply Chain CEO 17

Harvard Business Review

FEBRUARY 27, 2014

Bratton and Michael L. The plaintiffs’ complaint was that Basic executives misled investors in 1977 and 1978 by repeatingly denying that they were involved in merger negotiations with Combustion Engineering, Inc., “a This debate is happening because in Halliburton Co. John Fund, Inc. ,

Training 8

Training Efficiency Class P&L 8

Harvard Business Review

DECEMBER 13, 2016

In order to allocate funds for innovation initiatives, Atrius Health’s leaders created a new department with its own P&L. The research that informed the creation of the Care in Place model took a physician and two engineers four months to complete. Create a dedicated multidisciplinary team.

Health Care 8

Health Care Innovation Insurance P&L 8