This summer I wrote about the great research on intangibles in the Chilean Wine Industry done by Mark Dutz and colleagues at the World Bank. And I promised to let everyone know when the full study was released. Here it is and I highly recommend it to anyone interested in intangibles: Public and private…Continue
Added by Mary Adams on October 28, 2014 at 12:53pm — No Comments
There’s a fascinating “Room for Debate” discussion at the NYTimes entitled Profiting Profits or Reinvesting Them with the prompt:
Corporations have gone from reinvesting about 90 percent of their profits into their business in the 1970s, to about 10 percent today, William Lazonick wrote in a…
Added by Mary Adams on August 26, 2014 at 5:00pm — No Comments
Here in New England, a corporate drama is unfolding that illustrates so many of the core ideas that we hold in the ICounting/IC community.
The drama involves a family-owned supermarket chain called Market Basket. There’s a long story of conflict between two sides of the family: one that controls 51% of the company and the other that controls 49%. The long-time CEO Arthur T. Demoulas is from the minority shareholder group and was forced…Continue
Added by Mary Adams on August 1, 2014 at 11:00am — No Comments
I’ve just returned from an extremely exciting and stimulating trip to Chile hosted by Smarter-Companies partner firm Akloe including Arturo Alba, Rodrigo Leon, and Tomas Viveros. Besides getting to know a lovely city and its citizens, I was thrilled to have such a warm and interested reception for our message around…Continue
Added by Mary Adams on July 7, 2014 at 1:26pm — No Comments
Added by Mary Adams on June 13, 2014 at 2:00pm — No Comments
It was fascinating to read the NYTimes story about the decision process behind the creation of Harvard Business School’s new on-line offering called Business School Disrupted. The offering, called HBX, teaches “pre-MBA” classes via an elaborate multi-screened platform and is the business school’s answer to education and the…Continue
In the latest BVWire newsletter, there’s something of a bombshell (if you’re into this kind of thing):
Fair value is on hold at the FASB, observes Adam Smith (FASB), due to concerns over the BV profession. Up to now, the FASB has been a proponent of fair value in financial statements. This trend will not continue, according to Smith, because of the fragmented nature…
Maybe it’s just a coincidence but I received two messages today. One from a contact here in the Boston area. And another from Europe. I thought I would share the questions and my answers as a way to start a conversation about intangibles, intangibles measurement and “hard” business results. I would love to hear your thoughts....
Question 1: Is there any evidence that evaluators consider seriously the findings of an intangibles assessment in acquisitions or…
It can be hard to understand corporate acquisitions, especially when they are as dramatic as this one. Facebook bought WhatsApp for $19 billion. Like most deals of this kind, it’s hard to…Continue
Over the decade or so that I have been focused on intangible capital, there has been a parallel conversation going on about sustainability. These are two broad fields with many players and approaches but I’ll try to generalize the two (excuse the shorthand versions):
I started this table last year and find myself going back to it more and more. It's a high level summary of the implications of the shift from the industrial to the knowledge era:Continue
Added by Mary Adams on January 27, 2014 at 5:28pm — No Comments
I was at the FMA-NH meeting on Tuesday night talking about, what else?, intangibles.
Here's an expanded version of the deck I used and thought I would share:…
I had a meeting last week with an organization in the desert at the foot of a mountain. Just a plain brick building in a small office park. But inside, there's a hotbed of innovation. And they’re facing a challenge I see more and more in effective companies today: they’re really good at what they do and they are trying to figure out how to scale it. Their core business involves community mental and physical health services. They do that well and can’t help themselves—they are always…Continue
Added by Mary Adams on December 27, 2013 at 10:25am — No Comments
When a team of people sit down in a company today, the conversation is much less likely to be “What’s our strategy?” and much more likely to be “How are we going to become more innovative?” This is because it’s getting increasingly hard to win by setting a strategy and sticking to it. Not that innovation is easy either. But companies know they have no choice…Continue
Added by Mary Adams on December 18, 2013 at 2:00pm — No Comments
The long-discussed and reviewed merger of American Airlines and USAir has finally gone through. It is the latest in a series of bankruptcies and mergers that have turned twelve airlines into four .
Mergers have a very bad record in general because more often than not, they fail to deliver achieve expected benefits. Airline mergers have an even tougher time because the industry struggles to…Continue
Added by Mary Adams on December 16, 2013 at 9:30am — No Comments
There’s a wonderfully thoughtful new article by James Saft at the International Financing Review about a recent Fed examination of rise of both corporate cash levels and intangible capital.
It seems that
“Using a new measure, we show that intangible capital is the most important ﬁrm-determinant of corporate cash holdings. Our measure accounts for almost as much of the secular…
Added by Mary Adams on December 3, 2013 at 9:20am — No Comments
I’ve just started working out of WorkBar in Boston. One of the many cool benefits of working here are the special programs for members.
On Friday there was a talk about coffee given by Equal Exchange (EE) based in Bridgewater MA. As I thought later about the…Continue