Harvard Business Review

JANUARY 11, 2016

The main challenge is that investors are very good at understanding a single asset with standalone cash flows — a toll road, for example, or a power plant, or an apartment building. These range from uncertain revenues to disagreements over guarantees to concerns about political risk.

Cash Flow 14

Cash Flow Real Estate Assets Nonprofit 14

Harvard Business Review

FEBRUARY 7, 2017

Among the firms we identified as focused on the long term, average revenue and earnings growth were 47% and 36% higher, respectively, by 2014, and market capitalization grew faster as well. Our belief is that the earnings of long-term companies will rely less on accounting decisions and more on underlying cash flow than other companies.

Manager 15

Manager Revenue Metrics Cash Flow 15

Harvard Business Review

JULY 2, 2013

The use of switching stations by Tesla also highlights two truths that we have repeatedly encountered in our study of hundreds of business model innovations (we document these in our forthcoming book "The Risk Driven Business Model: Four Questions that will Define your Company", Harvard Business Press, 2014).

Cash Flow 10

Cash Flow Insurance Scaling Sales 10

Harvard Business Review

FEBRUARY 1, 2017

In 2014 we described what Western investors want from African entrepreneurs. A few of these companies manage to transcend national boundaries and scale to a larger size. One reason we have observed is that while African entrepreneurship is thriving, few ventures are large enough for Western institutional investors.

Cash Flow 13

Cash Flow Scaling Manager Marketing 13

Harvard Business Review

OCTOBER 5, 2017

For the past decade, the consensus strategy among hospital and health-system leaders has been to achieve scale in regional markets via mergers and acquisitions, to make medical staffs employees, and to assume more financial risk in insurance contracts and sponsored health plans. All these problems contribute to diminished cash flows.

Hospitality 8

Hospitality Insurance Cash Flow Operations 8

Harvard Business Review

SEPTEMBER 15, 2017

” And in 2014, HBR published a lengthy feature critical of the practice. But these claims are very rarely backed up by large-scale evidence, and often driven by a misunderstanding of how buybacks actually operate. Such a nefarious use of corporate funds makes for great headlines. The evidence suggests this view is more accurate.

Cash Flow 8

Cash Flow Government Scaling Assets 8

Harvard Business Review

OCTOBER 7, 2015

According to Schulte, Roth & Zabel’s Activist Investing 2015 Annual Review, a total of 344 companies worldwide were subjected to activist demands in 2014, up 18% from the 291 recorded in 2013. However, free cash flow per share remained impressive at both companies, and fixed cost ratios remained somewhat intact.

Balance Sheet 12

Balance Sheet Cash Flow Revenue Reorganization 12