One Strategy, One P&L

This is an early post in a series called “Dentworthy” where we share posts, articles, and tidbits from the web that shed light on how to Dent the Universe.

How should a business be measured?

For a long time, the answer has been “more.” Ever since Frederick W. Taylor did time studies of steelworkers with a stopwatch in 1900, the measurement of business activity – called “Greater Taylorism” by Walter Keichel in his business history “The Lords of Strategy” – has grown ever more central to management. One result of this drive to quantify and analyze has been that senior executives often create numerous profit centers, or isolated groupings of both revenues and expenses nested within large businesses.

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From: Rampant Innovation
By: John R Moran