Harvard Business Review

JUNE 18, 2015

In operational engineering, PE firms develop industry and operating expertise that they bring to bear to add value to their portfolio companies. Rather, they rely on internal rates of return and multiples of invested capital. We gather career history data for the founders of all 76 private equity firms in our survey.

Discounted Cash Flow 8

Discounted Cash Flow CAPM Company Rate of Return 8

Harvard Business Review

MAY 24, 2017

In contrast, today’s scarcest resource is your human capital, as measured by the time, talent and energy of your workforce. Time, whether measured by hours in a day or days in a career, is finite. Invest human capital just like you invest financial capital. Difference-making talent is also scarce.

Human Capital 15

Human Capital Management Company ROCE 15

Strategy Driven

SEPTEMBER 9, 2011

The logic of NPV is to project cash flows into the future and then discount those flows back into today’s dollars at a given cost of capital. Your career depended on that business going forward, and the numbers that mattered had to do with the performance of that business, not with Sony as a whole.

Innovation 50

Innovation NPV Business Model Constraint 50