The pressure to deliver quick results to the potential detriment
of the longer-term development of a company has become an entrenched feature of
the UK business environment.
It has become a very damaging business approach.
Short-termism curtails ambition, inhibits long-term thinking and
provides a disincentive to invest in research, new capabilities, products,
training, recruitment and skills.
There is no doubt that the main reason which precipitated the
financial meltdown was the slavish following of short terms goals which
hitherto had been labelled “get rich quick” schemes but have been shown to be
the very opposite.
The problem facing the business community now is as companies
struggle with funding issues and the spectre of more corporate failures it
becomes increasingly difficult to focus on long term objectives as opposed to
satisfying the immediate requirements of the shareholders.
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