Harvard Business Review

APRIL 16, 2012

Strategic cash provides more flexibility concerning the timing and pricing of potential acquisitions; having cash on hand is the best insurance that CFOs will be able to respond with alacrity to opportunities and not be subject to the vagaries of the financial markets. Facilitate Investments. Arguments Against Strategic Cash.

Company 13

Company Cost of Capital Finance Long-term 13

Harvard Business Review

AUGUST 27, 2015

Deloitte attributes this fall in part to rising competitive intensity, as a result of new technologies and lower entry barriers. companies have enjoyed supernormal rates of return. Companies are using this money for share buybacks, or putting it in the bank, running high (and rising) cash balances of close to 15% of GDP.

ROIC 8

ROIC McKinsey GDP Company 8

Harvard Business Review

SEPTEMBER 24, 2014

This week, the World Bank, representing a group of 73 countries and 1,000 businesses — including many of the world’s largest — issued their own commitment to pricing carbon. The We Mean Business report cites an internal rate of return of 81% (that’s a ridiculous payback) on energy efficiency in the U.S.,

IRR 8

IRR Energy Tips Commitment 8