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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.
Continue Reading →This is the second post in the fortnightly series of Strategy Dynamics Briefings. Despite a wide range of financial measures being available the interests of investors has led to the choice of one specific measure.
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As you may know, strategy textbooks are largely devoted to commercial business situations, and as a result, the strategy ...
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It’s hard enough dealing with current difficulties in a strategically sound way, but it’s not helped by actions that are pointless or counter-productive – examples below.
Some of these actions just might be unavoidable if the business is in real danger of collapse, but very few are in such a bad state. It seems most are doing these things for purely symbolic reasons – ‘We must be seen to be taking the problem seriously’ – or else to hold up short-term profitability ...
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