Michael Raynor, Ragu Gurumurthy and Mumtaz Ahmed with Jeff schulz and Rajiv Vaidyanathan
These [research] findings are in many ways consistent with both the conventional wisdom and the academic research on M&A. It is not uncommon to hear the refrain that acquisitions—especially larger ones—are systematically associated with lower profitability and lower shareholder returns for the acquiring firm. What we observe is that triple crown winners generate a mere 7 percent, on average, of their lifetime growth from M&A, … [ Read more ]
Content: Quotation | Authors: Jeff Schulz , Michael E. Raynor, Mumtaz Ahmed, Ragu Gurumurthy, Rajiv Vaidyanathan | Source: Deloitte Review | Subject: Mergers & Acquisitions
Milton Friedman
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output.
Content: Quotation | Author: Milton Friedman | Source: Deloitte Review | Subject: Economics
Carl Steidtmann, Dan Latimore and Elisabeth Denison
Monetary policy is not the only economic mechanism driving inflation. Government debt creates inflationary pressures in at least three ways. First, rising government deficits represent an increase in aggregate demand over supply. While small increases in the deficit have little impact on price levels, large increases in deficits can have a big impact. Second, by shifting resources from the more productive private sector to the … [ Read more ]
Content: Quotation | Authors: Carl Steidtmann, Dan Latimore, Elisabeth Denison | Source: Deloitte Review | Subject: Economics
Stephen Green
Should we see globalization as a recent phenomenon or has history got important lessons for us? Globalization, when you reflect on it, is a very old phenomenon; it is not a recent one. It may have gone into overdrive recently, but it actually is as old in its initial instincts as human experience is. All the evidence is that from the very first, human beings, … [ Read more ]
Content: Quotation | Author: Stephen Green | Source: Deloitte Review | Subject: International
Stephen Green
The market is effective when it is a servant and not when it is the master of our destinies.
Content: Quotation | Author: Stephen Green | Source: Deloitte Review | Subject: Economics
Stephen Green
It is as if we saw in the markets, in recent years, an attitude develop that if I have got a contract and a product that has got a market, and it is legal, then I don’t have to ask any other questions about rightness or suitability. I would suggest that simply won’t do, and indeed I think we all know that it won’t do.
It … [ Read more ]
Content: Quotation | Author: Stephen Green | Source: Deloitte Review | Subjects: Economics, Social Responsibility (ESG)
PCs, Smartphones, and Tablets: Unit Shipment and Revenues Forecast, Global, 2011–2017
Mobile Traffic in Exabytes (EB) per Month, Global, 2012-2017
Rank Ignorance
To get beyond the myths told of champions born of randomness we need an entirely new way to think about corporate performance.
Content: Article | Authors: Jeff Schulz , Michael E. Raynor, Mumtaz Ahmed | Source: Deloitte Review | Subject: Best Practices
Beyond the Numbers: Analytics as a Strategic Capability
Uncovering the realities that lie behind the data is what business analytics is all about. Precisely because they are hidden to the casual observer, they lend competitive advantages to the organizations that discover and implement them in business first.
Content: Article | Authors: Jim Guszcza, John Lucker | Source: Deloitte Review | Subjects: IT / Technology / E-Business, Management
Smarter Moves
What can leaders do to better manage—and improve—the return on their global mobility investment? In our experience, companies that gain the most value from global mobility show a high degree of alignment between global mobility and the larger business in three areas:
1. Business and talent strategies
2. Expected assignment value
3. Mainstream HR and talent operations
Achieving greater alignment in these areas can go a long way toward … [ Read more ]
Content: Article | Authors: Gardiner Hempel, Jeff Schwartz | Source: Deloitte Review | Subjects: Human Resources, International
Did You Say “Free”?
Stop us if you’ve heard this one before. A business is giving products away. When a surprised customer asks how the company can make money distributing free products, the answer is familiar: “We make it up in volume.”
With more and more companies adopting Free as a preferred pricing strategy, some executives aren’t laughing at this old joke so much as they’re taking it to heart. … [ Read more ]
Content: Article | Authors: Denys Aguirrebeitia, Maggie Laird, Mike Simonetto | Source: Deloitte Review | Subject: Strategy
Michael Raynor, Mumtaz Ahmed and Jeff Schulz
Although we need not “correct” for luck when allocating economic reward it is worth considering the role of luck when allocating other valuable commodities, such as our moral approbation and our efforts to learn from the experiences of others. Those who win lotteries justifiably get to keep the money, but few of us admire lottery winners just because they won the lottery. (Don’t confuse envy … [ Read more ]
Content: Quotation | Authors: Jeff Schulz , Michael E. Raynor, Mumtaz Ahmed | Source: Deloitte Review | Subjects: Achievement, Luck
Herbert Simon
In an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that information consumes. What information consumes is rather obvious: it consumes the attention of its recipients. Hence a wealth of information creates a poverty of attention and a need to allocate that attention efficiently among the overabundance of information sources that might consume it.
Content: Quotation | Author: Herbert Simon | Source: Deloitte Review | Subjects: Attention, Information
James Guszcza and John Lucker
Analytics is the science of better decision-making; and decision-making is the heart of business.
Content: Quotation | Authors: Jim Guszcza, John Lucker | Source: Deloitte Review | Subjects: Decision Making, Trends / Analysis
Global Mobility Framework
Integrating Distressed Assets
Purchasing assets in default or under bankruptcy protection can be an attractive path to growth. Often significantly discounted, they can represent the deal of a lifetime. But they also present a unique set of hazards.
Content: Article | Authors: Bob Glass, Kevin Charles, Tom Williamson | Source: Deloitte Review | Subject: Mergers & Acquisitions
It’s a Mad, Mad, Mad, Mad World
How rational managers came to be seen as reckless risk takers…
…but have been behaving sensibly all along
Content: Article | Authors: Jeff Schulz , Michael E. Raynor, Mumtaz Ahmed | Source: Deloitte Review | Subject: Risk Management
Frederick Funston, Stephen Wagner and Henry Ristuccia
Conventional risk management has focused on avoiding the risks to a business strategy, rather than understanding and managing the risks of the strategy itself. While the protection of existing assets is necessary, it is not sufficient for competitive advantage. Unfortunately, when risk is defined by an organization only as the failure to adequately protect existing assets and prevent loss (unrewarded risks), the rewards of reasoned, … [ Read more ]
Content: Quotation | Authors: Frederick Funston, Henry Ristuccia, Stephen Wagner | Source: Deloitte Review | Subject: Risk Management
Frederick Funston, Stephen Wagner and Henry Ristuccia
One of the greatest challenges for any enterprise is to discuss constructively how it might fail so that it can act to prevent such failure.
Content: Quotation | Authors: Frederick Funston, Henry Ristuccia, Stephen Wagner | Source: Deloitte Review | Subjects: Management, Success / Failure
