In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...

This note is an experiential exercise designed for 240 students divided into eight companies of 30. The exercise uses minimal setup yet explores issues of leadership, organizational design, organizational change, and building a learning organization. It is designed for a five-hour session...