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Real Leaders Have Real Lives

Harvard Business Review

David is a VP who is accountable for a multi-billion dollar P & L business. His wife is a finance director at another company. We set up some checkpoints and conference calls — the last thing you'd think of with family. All names have been changed and specific titles disguised.) But changing those norms isn't easy.

P&L 9
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Corporate Strategy Is a Fool's Errand

Harvard Business Review

These four divisions set their own strategy — e.g. the business strategy for engineering services, the strategy for elevators, et cetera — and have their own management teams and P&L. Hence, a corporation's top management team is a way to internalize portfolio management, governance, and resource allocation.