Harvard Business Review

JULY 17, 2018

During Jeff Immelt’s tenure as CEO of General Electric, from 2001 until 2017, the company’s stock price fell by over 30%, a decline of roughly $150 billion in shareholder value. in 2013 to 3.7 The Board Had No Finance Committee. GE’s board had another major structural defect: It lacked a finance committee.

Committee 8

Committee Welch Finance Participative 8

Harvard Business Review

APRIL 21, 2016

We plotted shared directorships among 176 large companies in 1976 and 2013, two years that followed a major global economic crisis. Only about 18% of interlocks were international in 1976, and most of those were transatlantic links in finance and energy — two of the first industries to begin globalizing. Board Interlocks, 2013.

Crisis 8

Crisis Globalization Banking Consensus 8

Harvard Business Review

APRIL 23, 2014

In January 2013, Chip Blankenship, CEO of GE Appliances issued a challenge to the newly formed team: “You’re going to change every part the customer sees. In January 2013 the team came out with a “minimum viable product.” Vic Roos, Lead Purchasing Program Manager, explained, “We let a finance guy in the room.

Ries 10

Ries Waterman Finance Learning-by-Doing 10

Harvard Business Review

MAY 26, 2014

But building a consistently strong top leadership team is difficult for at least three reasons: the tendency to be loyal to existing members, the lack of management depth to promote from, and many CEOs’ lack of experience in many functional areas. Four months later the CEO fired him. But when it’s a team of six?

Leadership 8

Leadership Leadership Pipeline Loyalty CEO 8

Harvard Business Review

JULY 10, 2013

In the fall of 2007, I met Sridhar Vembu, CEO of Zoho. Fast-forward to 2013: Zoho is a $200 million dollar a year company. The initial cash needs to come from revenues, not financing. Not even any kind of bank financing. In this equation, outside financing is Optional. At that time, no one had heard of him.

Incubator 8

Incubator Finance Entrepreneur Case Study 8

Harvard Business Review

JULY 29, 2014

Those conditions elevated the work of the finance function to the point that, today, the CFO helps to set the course of business, advancing an organization’s growth and improving its competitive position by identifying and resolving key financial constraints. Finance Human resources' So, kudos to Charan for starting the conversation.

CFO 11

CFO Charan Intangible Assets Human Resources 11

Harvard Business Review

OCTOBER 30, 2018

Dara Khosrowshahi, the CEO of Uber, the ride-sharing giant, proudly declared on September 10 that “very few brands become verbs” The same week Upwork, a platform for hiring freelancers, filed for an IPO, as did Fiverr , which boasts that it offers a “freelance services marketplace for the lean entrepreneur.”

Quinn 10

Quinn Entrepreneur IPO Survey 10

Harvard Business Review

JULY 24, 2017

So four years ago, when I was CEO of GE Capital Retail Finance and tapped to lead a mega change initiative — splitting off our unit into a new, publicly traded company, Synchrony Financial — I’ll admit I viewed it as a huge challenge. We have hired more than 5,000 new employees since beginning the effort in late 2013.)

Management 10

Management IPO Diversity Long-term 10

Harvard Business Review

MAY 10, 2016

One of the key functions of a board of directors is to oversee the CEO to ensure that shareholders are getting the most out of their investment. The company provides services in a myriad of industries, such as health care, water treatment, aviation, and financing. Most boards have strong cultures that promote deference to the CEO.

Company 8

Company Committee CEO Chemicals 8

Harvard Business Review

OCTOBER 6, 2016

The grueling testimonies from CEO John Stumpf, coupled with insights from my industry-wide research into the culture and mindsets of bankers, suggest there is a blind spot among senior leaders at Wells Fargo, as well as deterrents to speaking up among the rank and file.

Banking 10

Banking Leadership Committee Ethics 10

Harvard Business Review

APRIL 28, 2015

Strive Masiyiwa was interviewing him to be CEO of the Nigeria telecoms venture lead by Econet Group, which Strive founded and chairs. ’” Under a different CEO, Econet Wireless Nigeria went on to build a nationwide network of street-side airtime sales. Since 2013, BizCorps has placed top MBAs in Columbia and Kenya.

Marketing 8

Marketing Career Decentralization Wireless 8

Harvard Business Review

FEBRUARY 22, 2016

Likewise, Nebia — a start-up water-efficient showerhead maker in San Francisco — recently scored investment money from Apple CEO Tim Cook and Google Chairman Eric Schmidt’s family foundation. First, Kickstarter and other crowd-funding sources have opened up new options for initial finance.

Entrepreneur 8

Entrepreneur Contract Manufacturing Incubator Venture Capitalist 8

Harvard Business Review

FEBRUARY 7, 2014

When the company had 60 or 70 people working at its Palo Alto headquarters, founder and then CEO David Kelley (now Chairman) did a masterful job of orchestrating the “Monday morning,” a weekly 9:00 am gathering. BuildDirect was founded in 1999 by CEO Jeff Booth with his good friend Rob Banks. Sales doubled in 2013.

Venture Capitalist 8

Venture Capitalist Brainstorming Proposal CEO 8

Harvard Business Review

JUNE 8, 2016

In fact, that exact conclusion is one that Thierry Breton, CEO of the France-based information technology services firm Atos Origin, arrived at several years ago. ” That statement seems surprising coming from the CEO of a technology company employing over 70,000 people in more than forty offices around the world. percent to 7.5

Company 8

Company Stress Participative Wilde 8

Harvard Business Review

AUGUST 28, 2017

While it’s clear that CEOs need to consider AI’s business implications, the technology’s nascence in business settings makes it less clear how to profitably employ it. They add that strong support comes not only from the CEO and IT executives but also from all other C-level officers and the board of directors.

Survey 11

Survey Execution First-mover Advantage Technology 11

Harvard Business Review

OCTOBER 31, 2014

Human-capital issues are top-of-mind for CEOs around the world — but their regard for the HR function remains perilously low: In a PwC study , only 34% said that HR is well prepared to capitalize on transformational trends (compared with 56% for finance). Sadly, chief executives aren’t the only ones with this negative perception.

Human Capital 14

Human Capital Charan Human Resources Cost 14

Harvard Business Review

FEBRUARY 9, 2015

To the contrary, said Vanguard CEO William McNabb , this is “precisely why we care so much about good governance.” In its 2013 proxy statement , GE announced that it is searching for director candidates who will bring technology, marketing, finance — and “leadership” experience to the boardroom.

Airlines 8

Airlines CEO Automotive Long-term 8

Harvard Business Review

FEBRUARY 10, 2015

For example, in the standalone human capital report from Deutsche Bank (2013), the bank showed trends in its investment in training — and in 2013 investment went down. That could be a bad thing, a step away from investing in talent.

Human Capital 8

Human Capital CFO Banking Report 8

Harvard Business Review

OCTOBER 28, 2014

Concerns that it wouldn’t have enough cash to finance its holiday stock has apparently led to the company to sell real estate, spin off its Lands’ End brand, and raise $625 million in unsecured loans and equity warrants. It all seemed so big and complex and out of control. We felt defeated and powerless.”. Competition Leadership Retail'

Retail 8

Retail Quinn Real Estate Apparel 8

Harvard Business Review

OCTOBER 27, 2014

Write a letter to the company’s board demanding that it do something different from what it’s doing (buy back shares, break up, sell out to another company, throw out the CEO). billion in 2013, making him the fifth highest-paid fund manager in the land. Apple Finance Skill vs. luck' Wait a while. Sell stock in the company.

Hedge 8

Hedge Venture Capitalist Letter Reputation 8

Harvard Business Review

MAY 14, 2015

The company’s executives said that to help finance the plan, McDonald’s would increase refranchising (turning company-owned restaurants into franchises), take on more debt (even at the risk of lowering its bond rating ), and find $300 million to cut in general and administrative expenses.

Price 8

Price Franchising Short-term Hedge 8

Harvard Business Review

OCTOBER 24, 2014

The dissertation became a book, titled What Happened to Goldman Sachs: An Insider’s Story of Organizational Drift and Its Unintended Consequences (HBR Press, 2013). The company’s board docked the pay of CEO Jamie Dimon by more than half, to $11.5 Compensation Ethics Finance' million from $23 million.

Banking 9

Banking Ethics Long-term Hedge 9

Harvard Business Review

AUGUST 5, 2014

McKinsey’s DataMatics 2013 survey shows that companies that use customer analytics extensively are more than twice as likely to generate above-average profits as those that don’t. Deborah DiSanzo, the CEO of Philips Healthcare, was once a CMO. And that really is on the backs of marketing.”

P&L 10

P&L Banking Marketing Call Center 10

Harvard Business Review

MAY 10, 2012

As an entrepreneur, angel investor, VC, philanthropist, and CEO with 40 years' experience, I cannot agree. will not be legalized until 2013). In the recent HBR article "The Crowdfunding Road to Hell," Daniel Isenberg argues persuasively that crowdfunding — specifically equity crowdfunding — cannot work.

Due Diligence 10

Due Diligence Real Estate Management Banking 10

Harvard Business Review

DECEMBER 20, 2016

I’m talking about the superconsumers who are inside your organization, working at every level: the fashionista who works in the mail room at the headquarters of an apparel company, or the finance manager who works for a pork brand and who eats three pounds of bacon in any given week. In fact, she literally wrote the book on it.

Airlines 8

Airlines Energy Self-aware Learning Curve 8

Harvard Business Review

FEBRUARY 19, 2015

” In 2013, she and Robin Smith — a former colleague from Artus Labs — began exploring ideas. Today he is the CEO of Medalogix, the Nashville-based health IT company, that has raised just under $7 million in financing. “I knew I wanted to be free to make these big decisions.”

Project 8

Project Outsourcing Learning-by-Doing Commitment 8

Harvard Business Review

OCTOBER 8, 2018

Satya Nadella, Microsoft’s CEO, maintains that Excel is still the one Microsoft product that stands above the rest — and 750 million knowledge workers worldwide support that claim every day. Excel developed a mind of its own in 2013 with this feature. hours a day. hours a day. Flash Fill (30 minutes to learn).

Bottom-up 15

Bottom-up Productivity Products Learning-by-Doing 15

Harvard Business Review

JANUARY 25, 2016

So most companies in traditionally male-dominated sectors (IT, finance, law, most heavy industry) are unwittingly speaking and selling “male” while they profess to want balance. The first, from 2013, is a classic, masculine vocabulary of rational, humanless machinery, steely-edged and high-performing.

Company 8

Company Advertising Market Segmentation Mass Marketing 8

Harvard Business Review

DECEMBER 12, 2016

Back in 2012, Erasmus’s CEO, Professor Hans Buller, was a huge proponent of VBHC and led the development of the organization’s 5-year VBHC strategy with one of us (Dr. The board approved, and Erasmus’s next CEO – Ernst Kuipers – drove this forward from 2013. Insight Center.

Health Care 8

Health Care Committee Compliance Project 8

Harvard Business Review

DECEMBER 17, 2015

But eight months before completion, in August 2013, while presenting our expansion plan to the hospital’s board, we had an epiphany. We saw the blood drain from the CEO’s cheeks as he realized that the double-size ED actually had fewer treatment areas than the old one did.

Health Care 8

Health Care Diversity Proposal Cost 8

Harvard Business Review

OCTOBER 20, 2014

I know that finance professors at business schools throughout the nation teach MBAs and executives that, for the sake of economic efficiency, a company should “maximize shareholder value.” We need CEOs like you to take the lead as responsible citizens in articulating a vision of the social investments required for the next generation.

EPS 10

EPS Innovation Incentives Supply Chain 10

Harvard Business Review

SEPTEMBER 10, 2015

As a result, tech-sector employment has declined as a percent of the workforce, from 11% in 2006–2008 to 9% in 2013. billion in 2013. To answer these questions, we built a database of 112 Israeli companies founded between 1996 and 2013 that have met or exceeded $20 million in revenue. But is all of that changing?

Venture Capitalist 8

Venture Capitalist Entrepreneur Marketing IPO 8

Harvard Business Review

JUNE 7, 2013

Better Place would then use these multi-year contracts to finance its infrastructure investments and battery depreciation. By May 2013 it had sold fewer than 3,000 vehicles. In February 2013, after a series of mismanaged leadership transitions including the firing of founder and CEO Shai Agassi, Better Place finally reversed course.

Mass Marketing 8

Mass Marketing Transportation Depreciation Short-term 8