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How to Fix the Most Soul-Crushing Meetings

Harvard Business Review

In another multinational company I work with, the executive team, the business unit teams, the regional teams, and the country teams were painfully duplicating work — everything from P&L management to key hiring decisions to customer relationship management. Strategy and priorities were set at the executive team level.

P&L 13
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Bring Back the General Manager

Harvard Business Review

Two decades ago, organizations were designed around stand-alone business units, so all managers had to understand finance, technology, manufacturing, sales, marketing, strategy, human resources, and more. At one time general managers were at the center of the action.

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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 15
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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. Don’t Get Trapped in Your P&L. Here are four things leaders can do.

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Corporate Strategy Is a Fool's Errand

Harvard Business Review

Take Philips Electronics with its lighting, medical equipment, and consumer electronics divisions; ThyssenKrupp with its steel, elevators, and engineering services units; or smaller companies such as Trinity Mirror, which offers newspapers, printing, and digital services.

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Women, Finance the World You Want

Harvard Business Review

This friend also studied engineering in college and knows how to code. But if women don't feel comfortable handling their own money, it's unlikely that they'll feel comfortable handling a P&L for their firm — and if you don't feel comfortable with P&L responsibility, you're not going to make it to the top ranks of management.

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Ending the Shareholder Lawsuit Gravy Train

Harvard Business Review

Bratton and Michael L. The plaintiffs’ complaint was that Basic executives misled investors in 1977 and 1978 by repeatingly denying that they were involved in merger negotiations with Combustion Engineering, Inc., “a Economy Finance Risk management' This debate is happening because in Halliburton Co. John Fund, Inc. ,