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Explicit expectations by the market towards the leadership. As in: Do not worry about quarterly profits but longterm success
by andreasklinger 9y ago
Explicit expectations by the market towards the leadership.
As in: Do not worry about quarterly profits but longterm success
- jshaqaw 9y agoDoes anyone report to you? If they do, how would you respond if they said “I’d like to check in with you on my progress/metrics/etc... just once a year.” Sound like a good idea? It’s a terrible idea for managing people and a terrible idea for corporate governance. As high performance organizations move to daily if internal accountability it’s laughable that they complain accountability every 90 days to them owners of the company is too much.
- andreasklinger 9y agothere is a difference between long term planning and short term execution yes short term execution should be monitored but it should not lead long term execution plans
- valuearb 9y agoOwners should be able to decide at any moment it’s time to throw out management and start fresh.
- andreasklinger 9y agothis does not contradict my statement
- jshaqaw 9y agoComplaints about how short term focused equity investors to the detriment of long term planning almost always come from people who either don’t really understand what active equity investors do or are entrenched management trying to bury bad short term execution under th hazy and impossible to refute excuses of “we have a long term plan.”
- kolbe 9y agoI'm sorry, but I just don't know what you're responding to in my comment. I know about the difference between long term and short term incentives when it comes to corporations. I just don't know how the process that is being proposed does anything to help it.