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@steviemctweets@KKR_Co In my exp. decent GPs do a reasonable job on Financial, Legal and Commercial diligence. Missing piece is Operational Diligence - how does the biz. execute - critical talent, org., operating framework, capacity, capability etc. - and how these must flex to deliver the thesis.
@SecretCFO@TomLewis_CPI@awilkinson@elonmusk And that's just in the finance function. Multiply that by sales, marketing, distribution, logistics etc. etc. and it starts to get interesting. The other issue is hiring = "good guy" from my network. May or May not work depending on context, and jobs to be done.
@TomLewis_CPI@SecretCFO@awilkinson@elonmusk Select the right deal, and select the right leader is old school and only half the story. Execution and value creation happens on roles well beyond the CXO teams - understanding this, and strengthening it is critical to avoid time dilation and value leakage in a deal.
@SecretCFO@awilkinson@elonmusk +1 : The business case that is underwritten ("spreadsheet") more often than not does NOT reflect what it will take it the real world to execute the thesis and deliver value. These missing pieces on talent and execution are often 'discovered' post facto, resulting in value leaks.
CIA killed India’s nuclear physicist Homi Bhabha and Prime Minister Lal Bahadur Shastri—confessions of Robert Crowley, the second in command of the CIA's Directorate of Operations (in charge of covert operations), as recorded in a book by Gregory Douglas.