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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

The market caps of just four companies, Apple, Alphabet, Amazon, and Microsoft, now exceed $3 trillion. Their combined assets of $944 billion are an order of magnitude lower than the combined assets of $7,700 billion of the largest 3,177 companies in 1986, when the aggregate market capitalization reached $3 trillion for the first time.

Report 8
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How U.S. Health Care Got Safer by Focusing on the Patient Experience

Harvard Business Review

Before 1999 “performance” had a simple, unidimensional definition for health care leaders and their boards: It was shorthand for the CFO’s financial report, summarizing operating margins. “Numbers that numb” has become an all-too-common description for performance reports in many organizations.

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Just Using Big Data Isn’t Enough Anymore

Harvard Business Review

Among the findings: 63% of firms now report having Big Data in production in 2015, up from just 5% in 2012. 63% of firms reported that they expect to invest greater than $10 million in Big Data by 2017, up from 24% in 2012. 54% of firms say they have appointed a Chief Data Officer, up from 12% in 2012. Insight Center.

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Attract and Keep A-Players with Nonfinancial Rewards

Harvard Business Review

According to the Center for Talent Innovation (CTI) , money is not the major motivator among college-educated workers. Staggered hours and telecommuting are a huge hit in emerging markets , too. The good news? They may not have to. But in looking for a new job, a role with flexibility will be my top choice.". Recognition resonates.

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If the Auditors Sign Off, Does That Make It Okay?

Harvard Business Review

Andrew Fastow, the former chief financial officer of Enron, recently completed a six-year prison sentence for his part in the scandalous deception that hid Enron's financial troubles from investors. The market must value transparency. He told himself his actions were systemic, it is the way the game is played.