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20 Quotes From The Daily Drucker

Six Disciplines

You cannot prevent a major catastrophe, but you can build an organization that is battle-ready, where people trust one another. Workmanship is essential: In fact, an organization demoralizes itself if it does not demand of its members the highest workmanship. Leadership is not rank. It is responsibility.

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Entrepreneurship Suffers When Well-Paid Jobs Are Plentiful

The Horizons Tracker

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. While unemployment spiked in the early months of the pandemic, there has also been a corresponding rise in wages as organizations attempt to lure talent back.

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Why Sit on All that Cash? Firms Uncertain on Cost of Capital

Harvard Business Review

Many are deeply uncertain about which initiatives they should fund — and one root of this indecision is a general lack of confidence in the cost of capital projections they are using to make the call. We find that 55 percent of respondents are convinced their cost of capital estimates are off by more than 50 basis points.

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The Case for Investing More in People

Harvard Business Review

Similarly, many organizations are experimenting with using Agile sprints beyond the traditional areas of product development and innovation. Companies that follow the Toyota Production System use Kaizen events to improve productivity on the manufacturing line. It’s not money that’s in short supply; it’s good growth ideas.

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Desperately Seeking Simplicity

Harvard Business Review

I also heard it in an amazing dinner session led by Daniel Goleman (father of the concept of " Emotional Intelligence ") that probed the attributes that great leaders in the future would need to be successful in complex organizations. We just completed a multi-year study of the root causes of enduring success.

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A Refresher on Marketing ROI

Harvard Business Review

” Measuring how efficiently the marketing organization is using the company’s money keeps everyone accountable for using those funds wisely. Some companies establish a threshold for MROI that takes into account its risk tolerance and cost of capital, below which they are hesitant to make investments.

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Activist Hedge Funds Aren’t Good for Companies or Investors, So Why Do They Exist?

Harvard Business Review

The most comprehensive study of activist hedge fund performance that I have read is by Yvan Allaire at the Institute for Governance of Private and Public Organizations in Montreal, which studies hedge fund campaigns against U.S. And at best, their performance is ambiguous. companies for an eight-year period (2005–2013).

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