Saturday, January 16, 2010

Accounting Fraud - Scoreboard Vs. the Real Game

Loved this quote from Hamel on Accounting Fraud

In too many companies, senior management has mistaken the scoreboard for the game. Quarterly Earnings are the score; customer pleasing, competitor-slamming innovation is the game. Wildly manipulating the numbers on the scoreboard is no substitute for playing the game.

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