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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. Furthermore, the operating managers cannot take their eyes off day-to-day operations to focus on innovation. Traditional companies therefore rely on two strategies.

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An Inside View of How LVMH Makes Luxury More Sustainable

Harvard Business Review

Each brand’s strategic business plans now include a LIFE plan, with actions and targets laid out for the next five years. Charles Gibb, Belvedere’s CEO, says it made a strategic choice to invest in this project, even though it had a longer payback period than normal. ” The Challenges. ”

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Obama Gave a Monumental Climate Change Speech, But It's Still Not Enough

Harvard Business Review

And while the plan will have large impacts on business, it''s not a big enough vision to meet the scale of our climate challenge. But when all the elements of the president''s plans are combined, carbon energy will less appealing relative to cleaner options. But the plan we have on the table isn''t fully up to the task we face.

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

Harvard Business Review

Both these efforts help the payback period arrive sooner, making collaboration a smarter investment for the next wave of people. Set up contests and award small prizes for steps people take in the right direction, such as submitting joint sales plans rather than individual ones.