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The Times’ Patrick Hosking points to yet another lambast against sort-termism. The Trouble with Strategy explains why Finance is to blame for this, how Strategy should and can offer a solid alternative. In essence, the article [referring to Daniel Pinto’s Capital Wars ] argues that management, haunted by a minority of aggressive investors, pursue short-term profit targets and fail to make high-value investments for the future.
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Amongst the continuing stream of articles on this, some good ones [I’ve left out some bad or downright dangerous ones] include:
Seven Ways Forward from Booz & Co’s strategy+business on, with specifics for Manufacturing, Consumer Products, Aerospace and Defense, Telecom, Finance, and general guidance on rebuilding capabilities for long-term growth.
Surviving the Downturn: Lessons from Emerging Markets from Sloan Mgmt Review [title self-explanatory]
Three Opportunities to Seize in the Downturn a blog post from Harvard Business ...
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