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Stretch management timeframes and perspectives

“Managers often trade away a company’s future for short-term gains. We have to fix this.”

Compensation and incentive systems often truncate executive time horizons and skew perspectives. For instance, research suggests that most executives wouldn’t fund a viable new initiative if doing so reduced current earnings. Building new incentive systems that focus executive attention on creating long-term stakeholder value is a critical priority for management innovation.

17 Stories
63 Hacks
4 Barriers

Stretch management timeframes and perspectives

“Managers often trade away a company’s future for short-term gains. We have to fix this.”

Compensation and incentive systems often truncate executive time horizons and skew perspectives. For instance, research suggests that most executives wouldn’t fund a viable new initiative if doing so reduced current earnings. Building new incentive systems that focus executive attention on creating long-term stakeholder value is a critical priority for management innovation.

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This response specifically focuses on how compensation systems could be rebalanced to provide incentives for long-term value creation along with short term performance.
Hack by Andrew Burner on April 27, 2012
Organisations are constantly looking for new and innovative ways to implement performance management systems – to find the magic combination of tools that will assist managers to truly inspire and mot
Hack by Joanna Matthew on May 24, 2011
People are behind the world’s biggest business success stories. That’s why it’s important for entrepreneurs to focus on building the best possible team right from the start.
Story by Bhakti Rajapurkar on August 5, 2019
Moving offices can be a daunting task, and many companies approach it with an "anything in the budget will do" attitude that can lead to frustrating times when the new offices turn out to be poorly lo
Story by Krysta Jackson on June 5, 2019

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