Harvard Business Review

JUNE 2, 2014

Military commanders know they can’t let the tooth-to-tail (or combat-to-support) ratio get too low, or they’ll wind up with a force that costs too much and can’t win the battle. You also have support staff, including the people in marketing, finance, HR, and other functions. It’s the same in a company. Trim your supervisory layers.

Cost 10

Cost Span of Control Management Bureaucracy 10

N2Growth Blog

DECEMBER 5, 2010

Just like an algebraic formula, business also functions according to rules governing order of operations. A goal is a specific target and the objectives are the attainment components/benchmarks/hurdles which will lead you toward achieving said goal. mikemyatt: RT @thinkBIG_blog: Cheap always costs you mo. Our Freedom.

Blog 395

Blog Mission Statement Tactics Objective 395

Harvard Business Review

JUNE 30, 2016

Zero-based budgeting (ZBB) is elegantly logical: Expenses must be justified for each new budget period based on demonstrable needs and costs, as opposed to the more common method of using last year’s budget as your starting point, then adjusting up or down. Who would argue that a business should not eliminate unjustifiable costs?

Zero Based Budgeting 8

Zero Based Budgeting Budgeting Supply Chain Company 8

Harvard Business Review

APRIL 23, 2013

Benchmark data isn''t sexy stuff, but occasionally the numbers reveal surprising findings. Who, for instance, would have guessed that global NGOs spend nearly 80% more to track their finances and employ nearly twice as many finance staff as comparable for-profit multinationals?

Globalization 8

Globalization NGO Benchmarking Decentralization 8

N2Growth Blog

AUGUST 5, 2010

Rather they should benchmark their decisions against the question of “is it the right thing to do?” A generic thought, ambivalence, attempting to fly under the radar, and mediocre performance will place you squarely in my cross hairs and may cost you your job. mikemyatt: RT @thinkBIG_blog: Cheap always costs you mo. Our Freedom.

Politics 375

Politics Blog Leadership Diversity 375

Harvard Business Review

NOVEMBER 25, 2013

This lack of an analytical approach has traditionally formed a barrier between marketing and finance. It doesn’t need to be complicated; in one company, a marketing department saved 20 percent after simply benchmarking the money they were spending on external agencies. They’re going to make ads and do whatever it is they do.

CFO 8

CFO Short-term Long-term Benchmarking 8

Harvard Business Review

JUNE 18, 2015

In particular, we are interested in how many of their responses correlate with what academic finance knows and what it teaches. ” PE firms typically take three types of value increasing actions — financial engineering, governance engineering, and operational engineering.

CAPM 8

CAPM Discounted Cash Flow Company Rate of Return 8

Harvard Business Review

JANUARY 21, 2016

When a market is operating so far below its financial potential, the reason is usually that supply models do not meet the buying criteria of the market — and existing building energy retrofits are no exception. A more industrialized approach is needed, one that will reduce cost and simplify the decision-making process for buyers.

NPV 8

NPV Energy Efficiency Technology 8

Harvard Business Review

OCTOBER 10, 2017

One reason for the paltry performance is that while other business areas, like sales or finance, are considered to be core functions, innovation is often considered to be something that’s “nice to have” rather than essential. Another pervasive reason is that senior executives are trained as operators, not innovators.

Innovation 8

Innovation P&L ROI Long-term 8

Harvard Business Review

AUGUST 8, 2011

For those of us not in operations, supply chain, or logistics, it's a vaguely familiar line item we learned about in finance class. As I learned at the conference, according to Terra Technology's benchmarking study , the error rate for CPG companies on estimated vs. actual sales is shockingly high. I was wrong. million bottles.

Energy 11

Energy Supply Chain Operations Benchmarking 11

HR Digest

NOVEMBER 9, 2023

Establish Benchmarks Make it a point to define industry and market benchmarks to compare your organization’s compensation practices. If our equitable compensation program guide is to be trusted, you need to identify relevant external benchmarks to understand prevailing salary ranges for similar roles in the market.

System 52

System How To Benchmarking Diversity 52

Harvard Business Review

FEBRUARY 2, 2016

You’ll often find customer relationship management within marketing, budgeting within finance, supply-chain management within operations, outsourcing within procurement, training within HR, and new product development within R&D. Some of the first business functionaries were railroad telegraph operators who managed schedules.

Development 8

Development Supply Chain Incentives Outsourcing 8

N2Growth Blog

JANUARY 13, 2011

Assess : Put the idea through a risk/reward and cost/benefit analysis. Deliverables, benchmarks, deadlines, and success metrics must be incorporated into the plan. mikemyatt: RT @thinkBIG_blog: Cheap always costs you mo. “ It is my hope to help dispel the myth that ideas are inherently good things. Our Freedom.

Blog 413

Blog Innovation Brand Strategic Planning 413

Harvard Business Review

FEBRUARY 7, 2011

Profits that are received at some future point are discounted by the real cost of finance and any appropriate risk premium. Now, let's assume that Egypt's political instability will be short-lived so that, after a one-time impact to the current year's profits, operations will resume on a steady new path. Vinod K.

NPV 12

NPV Short-term Discount Politics 12

Harvard Business Review

MAY 5, 2016

This painful decision cost tens of thousands of jobs but proved strategically, organizationally, and culturally essential to the company’s future success. Cable companies enviously and despairingly benchmark Netflix and Amazon to learn how they quasi-autonomously cultivate subscribers and binge viewers.

Levitt 8

Levitt Disaggregation Kaizen Call Center 8

Harvard Business Review

FEBRUARY 24, 2011

Buffett prefers to accept the visible costs of "a few bad decisions" than incur "the invisible costs of stifling bureaucracies." Gain accounting advantage : Buffett reports on the performance of his operating businesses by grouping them according to similar balance sheet and income statement characteristics.

Letter 15

Letter P&L Net Present Value Insurance 15

Harvard Business Review

AUGUST 5, 2014

I see far too many data that don’t go anywhere and that’s just a cost.”. Talk about how complex marketing has become is very much in vogue, but there’s much less discussion about the operational (and diplomatic) muscle CMOs need in order to get things done. Deborah DiSanzo, the CEO of Philips Healthcare, was once a CMO.

P&L 9

P&L Banking Marketing Call Center 9

Harvard Business Review

MAY 8, 2017

The list includes a health care company that was once near bankruptcy (DaVita), a software firm whose stock price stagnated for a decade (Microsoft), a travel website that faced overwhelming competition (Priceline), a food giant that seemed to lose its focus (Danone), and a steel company that faced new pressure from lower-cost rivals (ThyssenKrupp).

Franchising 14

Franchising CEO Business Model Strategy 14

Harvard Business Review

OCTOBER 22, 2015

In the last six years, a Harvard Business School team has worked with dozens of health care organizations to help them understand the true costs of their treatments for many medical conditions. One of the team’s central findings is that TDABC cannot be delegated to the finance function. Measuring Costs and Outcomes in Healthcare.

Mayo 8

Mayo Health Care Committee Project 8

Harvard Business Review

JUNE 25, 2018

Management concepts, by contrast, operate in poorly regulated environments where failures are often brushed under boardroom or faculty carpets. Only a company that produces a TBL is taking account of the full cost involved in doing business.” Fundamentally, we have a hard-wired cultural problem in business, finance and markets.

TBL 9

TBL Bottom-up Long-term Early Adopters 9