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How GE Stays Young

Harvard Business Review

In 2009, GE’s transportation unit developed a new sodium battery for a hybrid engine for locomotives. People in finance at GE, typically focused on return on investment and payback periods, love FastWorks because they get a better throughput of ideas. Partnering: getting ideas from start-ups.

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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

Business students have traditionally considered net present value, payback period, and hurdle rates as necessary tools to determine which project to select. Financial capital is assumed to be virtually unlimited, while certain types of human capital are in short supply.

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How to Get People to Collaborate When You Don’t Control Their Salary

Harvard Business Review

And just like software engineers who hold code in their head or a law firm partner who controls critical client relationships, the Dana-Farber scientists hold a credible threat of walking out the door with their IP and grant-winning prowess. The organizational stars have tremendous autonomy over key work decisions.