Published by:
Harvard Business Publishing
Length: 12 pages
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Abstract
An emerging synthesis of financial strategies, organizational structures, and operating philosophies is revitalizing the publicly held corporation by addressing deep-seated structural weaknesses. This synthesis reflects three insights: the power of entrepreneurial motivation, the impact of balance-sheet restructuring and strict financial discipline, and the benefits of decentralizing authority and ownership.
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Abstract
An emerging synthesis of financial strategies, organizational structures, and operating philosophies is revitalizing the publicly held corporation by addressing deep-seated structural weaknesses. This synthesis reflects three insights: the power of entrepreneurial motivation, the impact of balance-sheet restructuring and strict financial discipline, and the benefits of decentralizing authority and ownership.