What If Companies Managed People as Carefully as They Manage Money?
Harvard Business Review
MAY 24, 2017
Time, whether measured by hours in a day or days in a career, is finite. A veritable alphabet soup (ROA, RONA, ROIC, ROCE, IRR, MVA, APV, and the like) exists to measure our financial capital. Historically, successful investment of financial capital can make someone’s career. Vincent Tsui for HBR. Today’s executives spend a lot of time managing the balance sheet, despite the fact that it doesn’t represent their company’s scarcest resource.