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Hospital Budget Systems Are Holding Back Innovation

Harvard Business Review

Despite a one-year payback period and a highly positive net present value (NPV) from this investment, the department will often reject the attractive opportunity. Instead, the finance office can allow the department to keep some of the savings it created, in excess of the original acquisition cost, in future year budgets.

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How GE Stays Young

Harvard Business Review

The Lean Startup approach is enabling GE to take “ Agile ” and “ Lean ” methods, which they had been using to improve operations, and apply them to starting businesses. People in finance at GE, typically focused on return on investment and payback periods, love FastWorks because they get a better throughput of ideas.