The Horizons Tracker

NOVEMBER 17, 2021

A few years ago I wrote about innovation and entrepreneurship in Norway and Qatar. The author believes that while lower costs of capital would certainly help raise the entrepreneurship rate, it would be most beneficial to entrepreneurs with lower skills. Positive or negative?

Entrepreneur 106

Entrepreneur Long-term Cost of Capital Engineering 106

Harvard Business Review

OCTOBER 10, 2017

A recent McKinsey report found that while 84% of corporate executives think innovation is key to achieving growth objectives, only 6% are satisfied with the innovation performance of their firm. Even if executives try to prioritize it, innovation often gets crowded out by more “urgent” short-term pressures.

Innovation 8

Innovation P&L ROI Long-term 8

Harvard Business Review

SEPTEMBER 8, 2014

The goal of strategy is profitable growth, meaning economic value above the firm’s cost of capital. Soon, it really doesn’t matter what your strategic planning documents say. Smartly reducing assets devoted to activities that earn less than their cost of capital requires good links with evolving market realities. (

Debt to Equity Ratio 9

Debt to Equity Ratio Cost of Capital Strategy Incentives 9