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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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Change has changed.  The nature of change itself has changed.  It has become much more like a dynamic journey on a shifting landscape.  We are supposed to be In the
Hack by Mike Richardson on October 15, 2010
At Statoil, we try to take reality seriously, not just a dynamic and unpredictable business environment, but also all the competent and responsible people in the company.
Story by Bjarte Bogsnes on November 28, 2011
Money-back offer – almost all products in the retail segment carry thistag.
Hack by Madhusudan Rao on August 16, 2010
When determining executive performance, traditional models of CEO compensation consider relatively short time frames.  This increases the likelihood that CEOs make strategic organizational decisi
Hack by Alex Edmans on April 11, 2012
Senior executives should spend some time "incognito" with front-line staff to find out how the company really works.
Hack by Michele Zanini on April 12, 2010
To many executives and managers, books such as In Search of Excellence, Built to Last, and Good to Great have turned into a source of inspiration.  But now we know that many of the “excellen
Hack by Gideon Markman on May 30, 2010
Stop and imagine for a moment that there may possibly be a naturally unfolding, emerging awareness, which is currently influencing commercial, business interactions, but also influencing more general
Hack by John Roth on December 11, 2011
Being “too busy” can’t be fixed by better time management, by just taking a break or by learning meditation. It can’t be resolved by working harder or longer.
Hack by Loretta Brown on December 23, 2011

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