Contrary to some claims in popular culture, boards and c-suites are not intrinsically heartless and societally myopic. While the rules of the capitalist road surely could do with some updates, almost all of the corporate decision makers my firm has dealt with are responsible, not reckless.
Stop Panicking About Corporate Short-Termism
Public firms invest more in R&D than private ones.
June 28, 2019
Summary.
While the rules of the capitalist road surely could do with some updates, almost all corporate decision makers whom we have dealt with are responsible, not reckless. This is particularly true when it comes to the question of how well public companies balance the precepts of long-term value with those of short-term performance. As a practical matter, at most organizations most of the time, the notion that these tenets are in opposition constitutes a false dichotomy.
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Innovation and Creativity. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Unlock your team's curiosity and willingness to take smart risks.