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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. Digital companies, in contrast, chase risky projects that have lottery-like payoffs. Risk is now considered a feature, not a bug.

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

Harvard Business Review

Most of us assume that if we want to change people’s behavior, we need to change their incentives. Both these efforts help the payback period arrive sooner, making collaboration a smarter investment for the next wave of people. Likewise, your actions can make the benefits start to flow sooner.