article thumbnail

Company Asset Management

Lead Change Blog

Computers, tools of the trade, vehicles, and buildings are the best examples of fixed assets. In a nutshell, a fixed asset is anything that a company buys intending to use for more than one year. The challenge that most companies encounter is in deciding what to do when it is time to get rid of assets.

article thumbnail

Lead with a Coherent Strategy

Coaching Tip

Winners, on the other hand, define the fundamental identity of the company by developing a clear idea of what they do best and how they create value for customers. Many successful companies, like Procter & Gamble and The Coca-Cola Company, develop a clearly defined… . As a result, they forgo the right to win in any market. .

Strategy 178
Insiders

Sign Up for our Newsletter

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

article thumbnail

Recommended Resources – An Interview with Paul Leinwand and Cesare Mainardi, authors of The Essential Advantage

Strategy Driven

Further, they need to limit their focus to, at most, six capabilities, and make those capabilities work together as a mutually reinforcing system that perpetuates competitive advantage. That belief stems from having chosen a differentiated way to play that is supported by a strong system of mutually reinforcing capabilities.

article thumbnail

Resolution 2011: Make Your Strategy Coherent

Harvard Business Review

First, let's make sure to define capabilities clearly: by capabilities, we mean the interconnected people, knowledge, systems, tools, and processes that create differentiated value for customers. Such capabilities could be rapid-cycle product development, point of sale merchandising, large-scale fabrication, and so on.

article thumbnail

The Three Reforms China Must Enact: Land, Social Services, and Taxes

Harvard Business Review

Failure to present a groundbreaking new vision risks leaving in place old economic drivers, especially the over-reliance on fixed-asset investment, that have created serious challenges such as China’s “ghost cities” and high levels of local government debt. The third is the tax system. What Needs to Change.

GDP 8
article thumbnail

China’s Growth: A Brief History

Harvard Business Review

Yet the determinants of its successful development are far from established or well understood. What about spillover gains tied to foreign direct investment, joint ventures, and other ties to developed countries? To achieve these aims will also require examining the role of the state in China and the legal system.

GDP 8
article thumbnail

Finally, Proof That Managing for the Long Term Pays Off

Harvard Business Review

To help provide a better factual base for this debate, MGI, working with McKinsey colleagues from our Strategy & Corporate Finance practice as well as the team at FCLT Global, began last fall to devise a way to systemically measure short-termism and long-termism at the company level. rate for other companies.