Excellent points.
A deadly, highly infectious business disease often transmitted by MBA programs.
Frequently caused by over-focus on quarterly results. Giving short term thinking priority kills your business in the long run.
This is what happens to corporations that are managed to maximize “stock value” instead of striving to gain and keep customers through service and innovation.
They cut costs, outsource, sell crappy products and then wonder why nobody buys their crap and the stock value plummets anyway.
Cart. Before. Horse.
Excellent points.
A deadly, highly infectious business disease often transmitted by MBA programs.
Frequently caused by over-focus on quarterly results. Giving short term thinking priority kills your business in the long run.
This CANNOT be over-emphasized. In many ways this way of thinking is destroying America because it infects both business and the public sector. Short-term thinking is nearly always detrimental to long-term results.
In business the short-term goal is quarterly profits in Politics it’s votes. And as we see, Obama and company thinks putting as many formerly working people onto the Government teat means an increase in votes for the short-term. The long-term results are a failing economy and soon the inability to pay those new voters to see on the butts collecting the dole extorted from the remaining workers.
The end results from bad management practices concentrating on the short-term to the detriment of the long-term means both will soon be out of business.