Annual P/E ratios for disruptive companies are far higher than historical levels, leading analysts to believe their shares were overpriced. Yet the extraordinary performance of disruptive companies in the market suggests that their shares were persistently underpriced. The stacks of M&A literature are littered with warnings...
Launching a new enterprise—whether it’s a tech start-up, a small business, or an initiative within a large corporation—has always been a hit-or-miss proposition. According to the decades-old formula, you write a business plan, pitch it to investors, assemble a team, introduce a product, and start...
When I first became a CEO, at age 33, I read everything I could find about legendary business leaders and the companies they created. I was trying to discover the secret to building an innovative organization that would empower employees, deliver on our bold mission...
What defines success for a business? For most of the last century, it was profits. The leading enterprises of the world were ones that fashioned a profitable business model and leveraged it over time. Profitability as the key measure of business success was akin to...
The pace of technological change means that today’s most innovative thinkers are in high demand. They’re also more accessible than ever, thanks to the internet. And when tricky questions arise for big companies, tapping into the hive mind by crowdsourcing solutions is one way to arrive at outside-of-the-box...