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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

Baseline financial skills are still essential, but international experience, industry knowledge, investor relations acumen, technology expertise, and strategic prowess are now just as much part of the package. In the early 1980’s, sixty percent of corporate value creation emanated from the optimization of tangible assets.

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