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At the core of this challenge is helping their organizations to survive in the face of change. The pandemic has accelerated this crisis, collapsing the structures of industries from airlines and medicine to online retail and Our study introduces board committees as a crucial determinant of board actions. We examine how directors who structurally link different board committees—referred to as multi-committee directors MCDs —explain why some board actions are merely symbolic while others are more substantive.

As a baseline, we argue that boards in general respond to financial restatements at peer firms by symbolically appointing new directors who are relatively inexperienced and unlikely to have a substantive impact. In contrast, boards with audit—nomination MCDs are more likely to take the substantive action of appointing new directors with the prior experience necessary to reduce the risk of their own future financial restatement.

As a baseline, we argue that boards in general respond to Leadership transition in private equity firms is an understudied field, despite the important, albeit controversial, role such firms play in developed economies. We analyzed firms in an empirical study, supplemented by qualitative interviews with a small sample of highly experienced limited partners LPs and general partner GP founders and leaders who have experienced such transitions first-hand. We analyzed firms in an empirical study, supplemented by qualitative interviews with a small sample of highly experienced limited partners LPs and general partner GP founders In early , James Quincey, the 14th chair of the year old The Coca-Cola Company, was in the midst of a years-long transformation of Coca-Cola from being the leading carbonated soft drink CSD beverage company into a total beverage company.

The company had both acquired and developed many new beverage brands. It was in the process of changing its culture to be faster moving and more willing to take risks, and a culture where the new brands meant as much to the company as did its flagship product, which was still the company's largest selling beverage.

Harambe was a non-profit organization whose mission was to build an ecosystem to identify promising young African entrepreneurs and provide them access to training, markets, capital, and support networks. There was mounting pressure for Harambe to evolve to take advantage of its momentum, the changing entrepreneurship landscape in Africa, and increasing investor interest.

In this paper, we use a field experiment conducted in partnership with a nationwide staffing platform to test policies that more directly address the reasons that employers may conduct criminal background checks. HBS Book. Strategic Management Journal 42, no. Leadership Initiative. Featured Case. This program brings the case method to life virtually in our real-time, interactive online classr Inside the Classroom Inside the Classroom. See how exchange with faculty and peers yields new insights into critical business trends.

Dropdown down Dropdown up Who Should Attend Download the General Management Program Curriculum Guide GMP is designed for senior executives with at least 15 to 20 years of experience who are looking to expand their knowledge and influence, so they can make a greater impact on their organization and advance their personal goals. Learning and Living at HBS When you participate in an Executive Education program on the HBS campus , you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth.

Dropdown down Dropdown up Learning and Living at HBS When you participate in an Executive Education program on the HBS campus , you enter an immersive experience where every aspect of the learning model has been carefully designed to facilitate your growth. Alumni Status Upon completing the General Management Program, you will become a lifetime member of the HBS alumni community—gaining exclusive access to our vast global alumni network and an array of resources that facilitate lifelong learning, growth, and success.

Dropdown down Dropdown up Alumni Status Upon completing the General Management Program, you will become a lifetime member of the HBS alumni community—gaining exclusive access to our vast global alumni network and an array of resources that facilitate lifelong learning, growth, and success.

Admissions Criteria and Process We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. Although the General Management Program has no formal educational requirements, admission is a selective process based on your professional achievement and organizational responsibilities.

The Application Process We select applicants who embrace challenges, seek genuine personal and professional growth, and are ready to innovate—in themselves and in their organizations. The curious, open-minded executive who commits wholeheartedly will find the program to be a highly stimulating, rewarding—even life-changing—experience.

The application, telling us about your experience, your organization, and your current responsibilities, goals, and challenges A letter of reference from someone familiar with your work. To review both the application and letter of reference, download the Application PDF.

When submitting the online application form, you will be asked for the email address of the individual serving as your reference. That individual will receive an email with a link to an online letter of reference form. Our Program Advising team can help you at any stage of the admissions process—starting with identifying the program that best addresses your learning and development goals.

Contact a program advisor via email or call 1. To gain a deeper understanding of your background and your potential as a leader, we require a letter of reference from a senior executive within your organization, a board member, or an HBS graduate familiar with your role and responsibilities. To submit the letter, follow the instructions in your application. Proficiency in spoken and written English is essential for active participation in fast-moving classes and small group discussions.

Classes during Modules 2 and 4 are held six days a week. Your active participation in all classroom sessions, case discussions, and other program activities is essential. You must be free of other responsibilities during the full-time modules. Residency on campus is required for Module 4. We recommend that you apply as soon as you can, and at least four weeks before the program start date. You may use our online form or download an application.

HBS maintains all application information in strict confidentiality. We acknowledge receipt of applications via email. To optimize the learning experience and maximize the exchange of ideas, our Admissions Committee makes selections that balance each participant's experience, scope of current responsibilities, and type of organization.

HBS seeks candidates who reflect a broad range of industries, functions, countries, and backgrounds. We review applications monthly and will contact you via email with the Admissions Committee's decision. We admit candidates to specific sessions on a rolling, space-available basis, and encourage you to apply as early as possible. We select applicants who embrace challenges, seek genuine personal and professional growth, and are ready to innovate—in themselves and in their organizations.

What You Will Learn The General Management Program provides a highly integrated, multidisciplinary view of strategy, leadership, and the organization. Dropdown down Dropdown up What You Will Learn The General Management Program provides a highly integrated, multidisciplinary view of strategy, leadership, and the organization.

Module 1: Strengthen your foundational skills Module 1: Strengthen your foundational skills Dropdown down. Format: Individual virtual, self-paced learning 5 weeks, part-time. Complete self-directed assignments using a mix of online, print, and audio materials Strengthen core business knowledge in financial management, strategy formulation, and accounting Gain an understanding of the HBS learning environment, common terminology, and case-based learning Set aside 15 to 20 hours per week to complete this work during the four weeks leading up to Module 2 Watch the Module 1 Experience.

Module 2: Broaden your perspective and elevate your expertise Module 2: Broaden your perspective and elevate your expertise Dropdown down. Module 3: Put your knowledge into action Module 3: Put your knowledge into action Dropdown down. Format: Virtual, self-paced learning while you apply new insights at work 4 weeks, part-time.

No matter your age, race, gender, sexual orientation, socioeconomic status, or upbringing, you can be an entrepreneur if you have dedication, drive, and vital business skills.

Unlike personality traits and demographic details, entrepreneurial skills can be learned and practiced. Finance skills, such as budgeting and financial statement analysis , are necessary for running a business. Creating a reasonable budget and sticking to it can be the difference between the success and failure of your venture. Aside from being required for reporting and tax purposes, these documents help you track performance, make future projections, and manage expenses.

Your network is one of your greatest assets. Networking can enable you to not only meet like-minded professionals but build your future team and keep a finger on the pulse of your industry. Identify and reach out to people in your network who can guide you in your entrepreneurial journey and inform your decision-making.

They may even be able to connect you to professionals in their networks whose work aligns with yours. In addition to leveraging your network, expand it. One way is by signing up for networking events in your area or industry. Virtual events have recently been on the rise due to the coronavirus COVID pandemic , and are often more accessible because no travel is required. LinkedIn is another valuable way to connect with others.

Download our free Guide to Advancing Your Career with Essential Business Skills to learn how enhancing your business knowledge can help you make an impact on your organization and be competitive in the job market. GAAP vs. Matt Gavin Author Staff. The Balance Sheet The way a balance sheet is formatted is different in the US than in other countries.

This inventory valuation method follows the natural flow of inventory, assuming that the first items in inventory i. Under this method, the last items to arrive in inventory i.