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Profit Is Less About Good Management than You Think

Harvard Business Review

Benjamin Graham , the father of value investing, seldom met the managers of the companies he invested in because he felt they would tell him only what they wished him to hear and because he didn’t want to be influenced by impressions of personality. So is there something different about the managers who do succeed?

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How to Use Uncertainty and Surprise for Breakthroughs

LDRLB

Big visions, carefully crafted strategies, and detailed plans are signs of great leadership. Some companies and leaders have experienced the inherent value of uncertainty and surprise, and actually use it to out-innovate the competition: Intuit’s flagship product was Quicken, the leading software program for managing home finances.

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The Mayo Clinic Model for Running a Value-Improvement Program

Harvard Business Review

The HBS team has been using Time-Driven Activity-Based Costing (TDABC), an approach initially proposed by one of us (Bob Kaplan) and Michael Porter, to help providers pursue the value-based delivery of care. One of the team’s central findings is that TDABC cannot be delegated to the finance function.

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