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How to Make Organizational Change Enduring

Six Disciplines

There is still a whole notion of focusing on tangible assets and their impact on the bottom line, rather than the intangible assets, which are people. Organizations don''t adapt to change; their people do. However, in time with proper care, it stands upright again. With continued good care, it blossoms.

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How to Build Your First Balance Sheet as a Startup?

Strategy Driven

Having a detailed financial system in place helps to increase transparency and accountability within the business environment. Assets here can be current or non-current assets , and they include everything that the startup owns within a given period. Every business should identify its assets and why these assets were obtained.

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A Four-wheel-drive Diamond in the Rough Leadership Model

Great Leadership By Dan

These will include hundreds and hundreds of systems including hiring systems, training systems, control systems, information systems, promotion systems, performance evaluation, and so forth. The southern ball, Organization, represents all of the aspects of an organization.

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Do You Know What Your Company’s Data Is Worth?

Harvard Business Review

For example, at the end of its 2015 fiscal year, Apple’s balance sheet stated tangible assets of $290 billion as a contribution to its annual revenues, with approximately $141 billion worth of intangible assets — a combination of intellectual capital, brand equity, and (investor and consumer) goodwill.

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A Novel Idea for Putting Sidelined Cash to Work

Harvard Business Review

Second, for small and rapid-growth technology companies, the problem is compounded by the fact that, while rich in intangible assets, they typically lack the kind of collateral (equipment, inventory, real estate, etc.) We are seeing safeguards and screening systems to mitigate default rates being developed by PEPP and Boefly.

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Profiting from the Golden Rule

Harvard Business Review

Our system of financial accounting rewards quarterly profits, but struggles mightily to place a value on ethical behavior. Even accounting rules specifically dealing with reputation — goodwill and intangible assets — are subject to frequent rule changes and endless debate. You might call it the Golden Ruler.

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On Creative Accounting: Two Creativity Myths

Harvard Business Review

Created by Robert Kaplan and David Norton in the 1990s, this system for assessing organizational performance builds on, but goes way beyond, traditional accounting methods. The Balanced Scorecard's primary form of novelty is that it takes into account the intangible assets that are so crucial for information-age companies.