article thumbnail

Private Equity’s New Phase

Harvard Business

From 1996 to 2015, the number of publicly traded companies in the United States alone dropped nearly 50%. These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. Leaders were driven by short-term profits and rapid action to flip the organization.

Talent 28
article thumbnail

Reflecting on David Garvin’s Imprint on Management

Harvard Business

” (2008), it seems to me, is that it serves as an assessment tool that allows managers and executives to benchmark their organizations against other units and companies. But the main contribution of “Is Yours a Learning Organization?” Case closed (until engineers develop an algorithm that does the job better).