Remove Development Remove Finance Remove Operations Remove P&L
article thumbnail

Do You Need a Formal Degree, or Will a MOOC Do?

Harvard Business Review

I’ve also independently developed a number of online courses so have thought deeply about which kind of programming is appropriate for professionals’ needs. Do you really need to learn everything about corporate finance — or do you just need some accounting basics to help you get a better grasp on reading a P&L?

P&L 8
article thumbnail

4 Ways Leaders Can Get More from Their Company’s Innovation Efforts

Harvard Business Review

One reason for the paltry performance is that while other business areas, like sales or finance, are considered to be core functions, innovation is often considered to be something that’s “nice to have” rather than essential. Another pervasive reason is that senior executives are trained as operators, not innovators.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Rebirth of the CMO

Harvard Business Review

That means churning through data to find insights that others haven’t seen and then developing the organizational capability to act on them faster and better to drive above-market growth. Says Abi Comber, Head of Marketing for British Airways: “Having P&L responsibility is incredibly powerful.

P&L 10
article thumbnail

Warren Buffett's 2010 Shareholder Letter: What to Expect

Harvard Business Review

Establish "an unbending standard of performance" : Since 1965, Buffett has annually compared Berkshire's compounded growth in book value per share to the growth in the S&P 500 (plus dividends). In all but seven of these 45 years, Berkshire beat the S&P. Berkshire's talented managers get the P&L independence to run their own businesses.

Letter 14
article thumbnail

Making Matrix Organizations Actually Work

Harvard Business Review

For example, the French global energy player ENGIE recently tilted its primary dimension from product (such as power, services, and infrastructure) toward region in order to better serve its clients in the territories in which it operates. But such reorgs don’t make silos go away — they just create new ones. Don’t pretend.

article thumbnail

Make Your Company Customer-Centric – and Increase Profitability by a Whopping 75 Percent

Strategy Driven

However, a company’s biggest expense doesn’t show on a P&L, at least not directly. It’s clear that developing a customer-obsessed organization extends well beyond your customer service team. There’s no line item for poor customer service, but nothing may have a greater impact on your bottom line than dissatisfied customers.

Company 72
article thumbnail

The Big Picture of Business – The Book of Acronyms

Strategy Driven

The Business Tree™ has 7 major parts… 5 primary branches, a trunk (6) and the base (7): The business you’re in Running the business Financial People Business development Body of Knowledge The Big Picture No single branch (business component) constitutes a healthy tree. Language is food for the mind.

P&L 56