Kim Warren on Strategy

Strategy insights and living business models

Tyranny of market expectations

Further to Analysts Getting it Wrong, a set of McKQ articles explain that just meeting investor expectations does nothing to the share price or, therefore, to total shareholder returns. Executives get on a relentless treadmill with every surprise performance requiring still another to boost TSR. It is troubling, then to see one quoted company Strategic Plan start with ‘Our aim is constantly to exceed shareholder expectations‘, which of course is impossible.

Strategy Dynamics Essentials

Strategy Dynamics Essentials book cover

Strategic Management Dynamics

Strategic Management Dynamics - cover image