We examine the relation between internal control quality and the accuracy of management guidance. Consistent with managers in firms with ineffective internal controls relying on erroneous internal management reports when forming guidance, we document less accurate guidance among firms reporting...

This paper examines the association between managers’ incorporation of consumer sentiment news in their forecasts and firm performance. We find that firms with revenue forecasts that incorporate U.S. consumer sentiment news to a smaller extent perform worse subsequently. The association is...

Intro -- The Invincible Company -- From Business Model Generation to Invincible Company -- How to Read This Book -- Contents -- Chapter 1: Tool -- Business Model Portfolio -- The Explore/Exploit Continuum -- The Portfolio Map -- Portfolio Management -- Explore -- Five Innovation Journey Myths --...