{"product_id":"talent-strategy-risk-how-investors-and-boards-are-redefining-tsr-9781633698321","title":"Talent, Strategy, Risk: How Investors and Boards Are Redefining TSR","description":"\u003cp\u003e\u003cb\u003eA playbook for long-term value creation\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eBalancing the short term and the long term is a perennial struggle, but new developments put boards squarely at the center of this dilemma and in need of guidance. Much of the $14 trillion of assets that firms like Vanguard, BlackRock, and State Street manage is now held in index funds, creating a huge class of permanent institutional investors. These so-called passive investors (unlike activist investors, passive investors don't have power to exit the fund) own almost 60 percent of the \u003ci\u003eFortune\u003c\/i\u003e 500—and they have found their voice. Perhaps best exemplified by BlackRock's Larry Fink, these investors are stating in no uncertain terms that simply managing for short-term shareholder profit is not acceptable.\u003c\/p\u003e\u003cp\u003eIn this agenda-setting book, three leaders who have been on the front lines of these changes with boards, management teams, and the investment community challenge leaders to rethink TSR (total shareholder return). Since TSR cannot keep the short and long term in balance, McNabb, Charan, and Carey argue that boards should focus on a different kind of TSR—talent, strategy and risk—because decisions and actions around these factors, more than any others, determine whether or not a company creates long-term value.\u003c\/p\u003e\u003cp\u003eOffering boards a playbook for managing talent, strategy, and risk, the authors explain how to: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eAnalyze the business through the eyes of a shareholder activist\u003c\/li\u003e\n\u003cli\u003eHelp management take a longer view and communicate it to investors\u003c\/li\u003e\n\u003cli\u003eTrack execution of long-term plans and goals\u003c\/li\u003e\n\u003cli\u003eKeep major risks, such as cyberattacks and sexual harassment, front and center\u003c\/li\u003e\n\u003cli\u003eRefresh board composition and create diversity to meet the new challenges\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eGiven the new realities of corporate ownership, boards need to lead for the long term. This authoritative book shows them how.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Harvard Business Review Press\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 07\/06\/2021\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9781633698321\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 224\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.95lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.30h x 6.10w x 1.00d\u003c\/p\u003e","brand":"Bill McNabb, Ram Charan, Dennis Carey","offers":[{"title":"Default Title","offer_id":40190049255605,"sku":"9781633698321","price":29.75,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_7e8ed3f8-85ba-44fe-a6a8-e2550ee3b865.jpg?v=1623128306","url":"https:\/\/pastforward.org\/products\/talent-strategy-risk-how-investors-and-boards-are-redefining-tsr-9781633698321","provider":"Past Forward","version":"1.0","type":"link"}