The Link Between Corporate Purpose and Financial Performance

Executive Summary In this paper, the authors want to determine whether employee beliefs in a corporate purpose are associated with superior financial performance or not. They found that, at an aggregate level, purpose is not related to financial performance. However, a subset of firms from the dataset (high purpose/high

A Model to Identify Solutions to Legacy Systems Increasing Maintenance Costs

Executive Summary In this paper, the authors identify the characteristics of legacy systems and explore why they are costly to maintain and support. The authors define legacy systems as “a system that is business critical and demonstrates one or more of the following characteristics: old age, obsolete languages, poor if

Big Data for Big Business? A Taxonomy of Data-Driven Business Models used by Startups

Executive Summary In this paper, the authors suggest a taxonomy of business models used by startups that rely on data as a core resource for their business, which they define as data-driven business models (DDBMs). The end goal of these businesses is not simply to collect, store and analyze data,

Schumpeter’s Ghost: Is Hypercompetition Making the Best of Times Shorter?

Executive Summary In this paper, the authors found the following results that support Schumpeter’s economic theory of disequilibrium and the presence of hypercompetition: 1. The duration of sustained competitive advantage, and superior economic performance have shortened over time. 2. The phenomenon is not limited to specific industries like high

To Buy or Not To Buy: A Checklist for Assessing Mergers & Acquisitions

Executive Summary Michael Mauboussin is a Managing Director and Head of Global Financial Strategies at Credit Suisse. He is the author of three books: The Success Equation, Think Twice and More Than You Know. He is also the author of numerous research papers. In this paper, the authors go over

Rethinking the Extraverted Sales Ideal: The Ambivert Advantage

Executive Summary Adam Grant is Wharton professor and New York Times bestselling author of Give & Take and Originals. In this paper, Grant refutes the widespread assumption that extraverts are the most productive salespeople. Grant suggests that ambiverts are better at sales than extraverts or introverts as supported by a

What Makes Good Models and How to Use Them: Metaphors, Models & Theories

Executive Summary Emanuel Derman is a fascinating character. He is currently a professor at Columbia University and he is one of the first high-energy particle physicists (PhD in theoretical physics) to migrate to Wall Street. Previously, he was a Partner at Goldman Sachs and Head of Risk at Prisma Capital

Options for Formulating a Digital Transformation Strategy

Executive Summary In this paper, the authors argue that to remain competitive, businesses must “formulate and execute strategies that embrace the implications of digital transformation and drive better operational performance.” As we see in our day to day at PNR and as the authors rightly point out, this is not
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