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The Beliefs that Built a Global Brewer

Harvard Business Review

Now the largest beer company in the world, AB InBev reported a double digit EBITDA growth rate and almost 30% growth in earnings per share. In 2004, the European beer company Interbrew, itself a product of several mergers, acquired a majority stake in AmBev, creating InBev. Anheuser's EBITDA in 2007, prior to its acquisition, was 23%.

EBITDA 10
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We Can’t Study Short-Termism Without the Right Metrics

Harvard Business Review

However, higher accruals can reflect either innocuous aspects of certain business models, such as in the construction industry, where the time lag between earning income and realizing cash is long, or that growing firms retain higher working capital to meet greater current and future customer demand. Corporate culture.

EPS 8
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Can We Quantify the Value of Connected Devices?

Harvard Business Review

In the 1990s, Procter & Gamble’s Product Supply Organization kicked off a major Reliability Engineering program, much like the efficiency initiatives of companies such as Toyota. More impressively, by linking all the machines together, they were able to predict — and subsequently improve — overall process reliability and product quality.

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Scaling Is Hard. Here's How Akamai Did It.

Harvard Business Review

But once the company has honed in on a strong value proposition and found initial product-market fit, what is the best approach to scaling it? billion in revenue, over $1 billion in gross profit and $500 million in EBITDA. And what lessons can be applied to the early decisions you make as a start-up? After all, scaling is hard.

P&L 13
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Publishing Is Not Dying

Harvard Business Review

Last year, News Corp’s newspaper division reported EBITDA of $795 million on $6.7 Even The New York Times —which, as I’ve noted , has not run its business well— achieved 8% net margins in 2013—not great, but not exactly a tragedy either. billion—a 12% margin—which is pretty good. Still, the future of publishing is bright.

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Entrepreneurs Need a Better Way to Cash Out

Harvard Business Review

The most successful, visionary entrepreneurs dream not of millions of dollars, but of a world where their products change culture. But analysts are judging EBITDA, P/E ratios, quarterly growth, and cashflows – which don’t always correlate with long-term value creation.

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The Secrets to TripAdvisor's Impressive Scale

Harvard Business Review

As we have seen with the recent speed bumps at highfliers like Groupon and Zynga, taking "lean startups" from foundation to creating sustainable, scalable, profitable business models is a very rare and special task. TripAdvisor, in effect, was a model lean start-up with an engineering-driven, product-focused founder.

EBITDA 8