Harvard Business Review
MARCH 21, 2013
Do you get regular reports from your company's accountants about how your projects are doing financially? They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. According to GAAP we are now 50% complete, because we have spent 50% of our budget.
Harvard Business Review
MARCH 21, 2013
Do you get regular reports from your company's accountants about how your projects are doing financially? They're just following what's known as Generally Accepted Accounting Principles, or GAAP. But GAAP is exactly where the trouble lies. According to GAAP we are now 50% complete, because we have spent 50% of our budget.
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Harvard Business Review
JUNE 8, 2018
Business students have traditionally considered net present value, payback period, and hurdle rates as necessary tools to determine which project to select. Digital companies, in contrast, chase risky projects that have lottery-like payoffs. Digital companies, in contrast, chase risky projects that have lottery-like payoffs.
Harvard Business Review
AUGUST 3, 2018
The second category should describe the investments on future-oriented projects. By investing in digital companies, investors are often buying call options on moonshot projects with lottery-like payoffs. The current rules mandate no disclosures on future-oriented projects. Investors should have access to those estimates, too.
Harvard Business Review
AUGUST 30, 2018
The Beacon Project , spearheaded by the Global Alliance for Genomics and Health, illustrates how a federated model could work: Data sets remain protected within national boundaries, but depending on the level of access granted to an organization, they can be queried individually or in aggregate through the Beacon Network.
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