Capital Allocation Reality
Why Horizon 2 Eats Horizon 1 (and Still Fails)
Capital allocation is where strategy stops being theoretical. It is the moment beliefs turn into commitments and optionality turns into obligation. Yet in most organizations, capital allocation is treated as a budgeting exercise rather than a judgment exercise.
Once funds are approved, they take on a moral weight. Teams are staffed. Roadmaps are locked. …
