Business Portfolio Management

"The efficient frontier identifies the best of all known portfolios for a particular company."

"Annual corporatewide strategizing is particularly dysfunctional for portfolio companies because each operating business has its own strategic cycle."

"Portfolio strategy is at the heart of a multibusiness company because decisions made at that level determine how corporate resources can be best allocated."

"Corporations can tolerate higher risk levels than can their individual managers or their individual business units."

"The true value of a company in the marketplace is generally obscured by the measurement of earnings under generally accepted accounting principles (GAAP)."

"A success template is a figurative blueprint for making money."

"Businesses that are capital intensive can spread the negative financial impact of investments over many years?even offsetting them with revenues that eventually flow from those investments. "

"Acquisition can be an important tool for increasing shareholder value. In effect, an acquisition candidate represents another alternative to building value and a competitor to internal opportunities for selection and funding."

"Good operations management involves high-quality annual planning, excellent execution, accurate measurement, continuous improvement, and the setting of annual goals and budgets."