Remove 2001 Remove Cash Flow Remove Operations Remove Productivity
article thumbnail

Finally, Proof That Managing for the Long Term Pays Off

Harvard Business

New research, led by a team from McKinsey Global Institute in cooperation with FCLT Global , found that companies that operate with a true long-term mindset have consistently outperformed their industry peers since 2001 across almost every financial measure that matters. The differences were dramatic. We calculate that U.S.

article thumbnail

5 Ways the Best Companies Close the Strategy-Execution Gap

Harvard Business

Instead of formulating detailed, long-term financial plans, executives at Dell now align around a common performance ambition—a cash flow vector consistent with growing the company’s intrinsic value faster than competitors. Webvan was forced to cease operations by 2001.