The Finance Function in a Global Corporation

Mihir A. Desai

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Article | Harvard Business Review | July – August 2008

The Finance Function in a Global Corporation

by Mihir A. Desai

Keywords: Finance; Business Ventures;

Format: Print

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Citation:

Desai, Mihir A. "The Finance Function in a Global Corporation." HBS Centennial Issue Harvard Business Review 86, nos. 7/8 (July–August 2008).

About the Author

Mihir A. Desai

Mizuho Financial Group Professor of Finance

Finance

Entrepreneurial Management

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Teaching Note | HBS Case Collection | December 2018

The Case of the Unidentified Industries—2018

Mihir A. Desai, William E. Fruhan and Leanne Fan

Teaching Note for HBS No. 219-046.

Citation:
Desai, Mihir A., William E. Fruhan, and Leanne Fan. "The Case of the Unidentified Industries—2018." Harvard Business School Teaching Note 219-047, December 2018. View Details

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Case | HBS Case Collection | December 2018

The Case of the Unidentified Industries—2018

Mihir A. Desai, William E. Fruhan, Jr., Leanne Fan and Adil Bhatia

Citation:
Desai, Mihir A., William E. Fruhan, Jr., Leanne Fan, and Adil Bhatia. "The Case of the Unidentified Industries—2018." Harvard Business School Case 219-046, December 2018. View Details

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Case | HBS Case Collection | August 2015 (Revised October 2017)

Turnaround at Norsk Gjenvinning (A)

George Serafeim and Shannon Gombos

Erik Osmundsen, CEO of Norsk Gjenvinning (NG), had initiated a program to strenghten corporate governance, eliminate corruption and improve compliance, and as a result the company had experienced a turnover of almost half of its top 70 line managers and strained relations with several competitors and the waste management industry association. Osmundsen had relentlessly pushed an agenda that involved transforming and professionalizing the waste management industry to mitigate instances of corruption and other crimes. Osmundsen was convinced that his turnaround strategy and change management process would be effective. Having brought employees on board, he was planning to relentlessly engage customers, regulators, and security agencies to drive transformational change within the industry. It was still unclear though how fast customer demand for robust compliance programs would affect the competitive dynamics. How should NG go about convincing its customers? What could NG learn from companies in other industries that have relied on customer support to shift to responsible business practices? Did competitors that maintain non-compliant practices have an Achilles heel that NG could exploit? To what degree should NG drive change on its own in order to achieve customer differentiation vs. collaborate with competitors to bring the whole industry on board? What other mechanisms existed to level the playing field if NG did not succeed in convincing the customers?

Keywords: change leadership; governance; Compliance; waste management; Environmental Impact; social responsibility; industry regulation; regulatory enforcement; Leading Change; Change Management; Crime and Corruption; Governance Compliance; Wastes and Waste Processing;

Citation:
Serafeim, George, and Shannon Gombos. "Turnaround at Norsk Gjenvinning (A)." Harvard Business School Case 116-012, August 2015. (Revised October 2017.) View Details

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The Finance Function in a Global Corporation

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