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101 Things I Learned in Business School

Leading Blog

B USINESS is not a discipline, but an endeavor made up of disciplines such as accounting, communications, economics, finance, leadership, management, marketing, operations, psychology, sociology, and strategy. A well-written contract defines or explains each term or condition only once. Lesson: Write it Once.

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The Case for Stock Buybacks

Harvard Business Review

Conventional wisdom is that CEOs buy back stock to manipulate the short-term stock price. They fund the buyback by cutting investment, and so firm value suffers in the long-term. It boosts prices in the short run, but the real way to boost the value of a corporation is to invest in the future, and they are not doing that.”

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Walmart Broadens ROI for Green Power

Harvard Business Review

But amidst a seemingly scripted set of responses on Walmart's supply chain and operational greening efforts, the discussion took an interesting turn. For example] the longer term payback on solar helps us get to scale down the road.". We worship internal rates of return (IRR) to our detriment.

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Should Companies Retain "Strategic" Cash?

Harvard Business Review

To enhance financial flexibility, companies have been retaining unprecedented amounts of cash on their balance sheets, calling it "strategic" cash to distinguish it from the "operating" cash that is needed to run the business. Earn a Low Return on Investment. Facilitate Investments. Arguments Against Strategic Cash.

Company 13
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Capitalism’s Future Is Already Here

Harvard Business Review

As more firms became multinationals, fewer showed loyalty to particular communities or any hesitation to migrate their operations to wherever costs were lowest. Employees were viewed more as fungible inputs to operations, and customers viewed more as targets within more and less lucrative segments.

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American CEOs Should Stop Complaining About Uncertainty

Harvard Business Review

In 1998, Mo was running a highly profitable and stable engineering firm serving European mobile operators. He sold that company to do what no European operator would (though he begged them): Start an African cell phone company. He recently announced the next two growth markets for sizeable investment by his group are Iraq and Myanmar.

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3 Emerging Market Risks Companies Should Watch for in 2018

Harvard Business Review

They did not spend as much time thinking about local events that have implications for their emerging market operations. The cost of doing business — and especially the cost of local production — would go up, and budget-busting government spending increases would erode long-term business confidence despite short-term stimulus.