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Why Financial Statements Don’t Work for Digital Companies

Harvard Business Review

Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. In a previous HBR article , we argued that, in contrast to physical assets that depreciate with use, intangible assets might enhance with use. For the next four years, it continued to report losses.

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What It Will Take to Fix HR

Harvard Business Review

Put the most strategic pieces into the hands of up-and-comers passing through the leadership-development revolving door? In the early 1980’s, sixty percent of corporate value creation emanated from the optimization of tangible assets. CHROs are standing at essentially the same crossroads that CFOs were in the 1980’s.

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