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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

So, investors, and therefore managers, might be adjusting their approach to risk accordingly. Therefore, companies see little value in disclosing the details of their current and planned projects in their financial disclosures, even if those disclosures can reduce the information asymmetry between investors and managers.

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On Creative Accounting: Two Creativity Myths

Harvard Business Review

Say that in a roomful of managers, and you get nervous laughter. As long as the new ideas cohere with ethical standards, and generally accepted accounting principles ( GAAP ), they can yield immense benefits. Tags: Creativity Ethics Innovation GAAP. "Creative accounting" is really bad. Except when it's good.

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Reclaiming the Idea of Shareholder Value

Harvard Business Review

Activist investors challenge management strategies. And without knowing how managers decide, it is almost impossible to hold them accountable for what they decide. Peter Drucker, the great management thinker, had it right when he said, “keep [your] noses to the grindstone while lifting [your] eyes to the hills.”

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How B2B Software Vendors Can Help Their Customers Benchmark

Harvard Business Review

One of its business units, Fieldglass, provides insights and benchmarks to customers on external workforce management. This data-first approach obviously opens up a variety of issues related to data ownership and privacy, products vs. services, interpretation of data, monetization strategies, and the power of platform monopolies.

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The U.S. Corporate Tax Code Is Broken. How Should We Fix It?

Harvard Business Review

When those claims are made against what is likely the most admired corporation in the world, that makes for a powerful cocktail. And when the CEO of that company actually steps up to address those claims and offers a powerful defense, this really is a trifecta for a media sensation. And yet legal scholar J. billion in taxes.