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Private Equity’s New Phase

Harvard Business

These buy outs shifted agency from owners to managers; “corporate raiders” worked with high-yield debt to fund these turnarounds. However, in phase three traditional data gathering and traditional metrics are not sufficient to ensure significantly differentiated value creation.

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Reflecting on David Garvin’s Imprint on Management

Harvard Business

I’ll give a few examples, starting with his first HBR article but mostly concerning later work. (A But the article aimed higher, arguing that when corporate leaders invest with short-term results in mind, they put long-term performance at risk. Sound familiar?