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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business Review

Financial capital is assumed to be virtually unlimited, while certain types of human capital are in short supply. Business students have traditionally considered net present value, payback period, and hurdle rates as necessary tools to determine which project to select. Risk is now considered a feature, not a bug.

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The Big Trends Changing Community Development

Harvard Business Review

I can’t imagine, recalling my days at Rio Tinto, the managers of a copper mine measuring and proudly reporting how much dirt was moved, how deep the hole was, and how many trucks they had procured – while staying mum about how much copper was produced. To a business person, think how absurd this would seem.

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