Harvard Business Review

SEPTEMBER 28, 2015

.” Value investors like Graham and Buffett believe that the sources of sustainable returns on capital are not a company’s human assets but their so-called “economic moats,” structural, durable competitive advantages around revenues or costs. So is there something different about the managers who do succeed?

Stage-Gate 8

Stage-Gate Kaplan Competitive Advantage Intangible Assets 8

Harvard Business Review

FEBRUARY 26, 2018

Earnings also seem to matter less for CEO pay: companies are reducing profits-based cash bonuses and shifting toward stock-based CEO compensation, partly to keep opportunistic managers from cutting back on valuable investments as a way to report higher profits. In another study , we show that earnings explains only 2.4%

Company 8

Company Intangible Assets Depreciation IPO 8

Harvard Business Review

SEPTEMBER 15, 2017

If paying excessive CEO salaries is the most maligned use of corporate funds, stock buybacks may well take second place. Conventional wisdom is that CEOs buy back stock to manipulate the short-term stock price. Higher CEO ownership stakes typically improve long-term stock returns. Laura Schneider for HBR.

Short-term 8

Short-term Long-term Intangible Assets Rate of Return 8

Harvard Business Review

OCTOBER 25, 2011

Even accounting rules specifically dealing with reputation — goodwill and intangible assets — are subject to frequent rule changes and endless debate. As CEOs Bettinger and Cathy have discovered, a Net Promoter system provides one framework to do that. Perhaps the accountants are just overcomplicating a basic idea.

Intangible Assets 11

Intangible Assets Ethics Short-term Reputation 11

Harvard Business Review

JUNE 22, 2016

Begin with the easy things that you have always tracked — and physical assets such as plant, property, and equipment. So make sure your board, CEO, and the rest of the leadership team is fully supportive and ready to prioritize differently and change the asset mix. If not, your transformation is sure to stall out.

Intangible Assets 9

Intangible Assets Business Model How To Intellectual Capital 9

Harvard Business Review

JULY 29, 2014

A recent survey of CEOs reveals that HR is overwhelmingly viewed as the least agile function. In the early 1980’s, sixty percent of corporate value creation emanated from the optimization of tangible assets. And HR’s credibility deficit doesn’t help the matter. The CHRO must step up to the implications of the new world of work.

CFO 11

CFO Charan Intangible Assets Human Resources 11

Harvard Business Review

FEBRUARY 7, 2014

When CVS/Caremark announced that it would forego some $2 billion in sales of tobacco and related products recently, CEO Larry J. Because senior managers tend to focus on the short-term operational and financial aspects of their companies rather than the intangible assets that are worth so much more.

Reputation 8

Reputation Intangible Assets Competitive Advantage Long-term 8

Harvard Business Review

MAY 23, 2013

On Tuesday, Apple CEO Tim Cook testified in front of the Congressional Permanent Subcommittee on Investigations as a part of their look into the company''s corporate tax practices — according to Sen. Carl Levin, the chairman of the committee , "Apple successfully sought the holy grail of tax avoidance.

Intangible Assets 8

Intangible Assets Incentives System GAAP 8

Harvard Business Review

NOVEMBER 7, 2013

homes had a broadband connection , but CEO Reed Hastings clearly saw the writing on the flat screen. With this week’s announcement, the company has acknowledged the accelerating decline in value of Blockbuster’s remaining physical locations, assets stranded by the lightning-fast pace of digital disruption. That’s an important insight.

Disruptive Innovation 8

Disruptive Innovation Intangible Assets Retail Innovation 8

Harvard Business Review

NOVEMBER 19, 2018

These are often referred to as “intangible assets,” but it’s worth getting more specific than that. In November 2007, Forbes put the CEO of Nokia on its cover and asked, “Can Anyone Catch the Cell Phone King?” It can also determine who prevails in a competition between larger, older firms.

Software 8

Software Company Competitive Advantage Henderson 8

Harvard Business Review

FEBRUARY 1, 2017

Digital devotees tend to conflate digitization with intangible assets — the intensity of which has indeed soared in the last half century — in ways that exaggerate digital transformation’s potential. Some kinds of know-how, for example, are generally regarded as undigitizable.

Globalization 8

Globalization Offshoring Tacit Knowledge Intangible Assets 8