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You seem to imply that they don't realize something might have impact in the future (because it's not what they measure). It's also possible that they are very
by pacificmint 9y ago
You seem to imply that they don't realize something might have impact in the future (because it's not what they measure).
It's also possible that they are very aware of it, but just don't care. The modern corporate system, especially in the US, is set up to incentivize favoring short term results over the long term.
If it will make their numbers look better this quarter at the cost of damaging the brand down the road, unfortunately many company will choose that path, even knowingly.
- alexbeloi 9y agoThe corporation is run by people and people favor short term results when they expect to be in their position for a short period. Just as it's far less common for the regular working (wo)man to stay at the same company for decades, it's less common for CEOs to do so as well.[0] If a CEO/president expects (through loyalty/control of the board, or otherwise) to be at the company for a long time, they will naturally make long(er) term decisions. [0] https://en.wikipedia.org/wiki/List_of_Hewlett-Packard_executive_leadership https://en.wikipedia.org/wiki/List_of_Hewlett-Packard_execut...
- Lxr 9y agoI believe this is why companies often go downhill after the original founders leave and “professional management” takes over - founders generally take a less short-sighted view.