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There Is A Roadmap Through Today’s Financial Crunch

Chief Executive

Manage your business “on the basis of cash, not on the basis of accounting,” Charan said, reminding his audience that Jeff Bezos built Amazon into a multi-billion-dollar company partly by putting cash on the throne of his operating philosophy. We’re not going to final costs — just gross margin, and gross margin that is inflation-adjusted.

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Exclusive: Jim Collins on ‘Thriving In Chaos’

Chief Executive

You see people who maintain highly conservative balance sheets and enormously prudent financial positions. If I could pick the one thing that I would change in how executives lead companies by magically waving a wand, it would be the timeframe in which they operate—that you manage for the quarter century, not the quarter.