Harvard Business Review

MAY 7, 2015

Here’s a conundrum: On the one hand, there’s a consensus among thoughtful business leaders that too many companies are sacrificing long-term growth on the altar of smooth, reliable short-term earnings. HBR: What got you interested in what impact short-term earnings management has on long-term performance?

Short-term 8

Short-term Henderson Long-term Metrics 8

The Horizons Tracker

FEBRUARY 22, 2022

billion and is estimated to be worth $48 billion by 2026, with the Covid pandemic driving growth, especially in the healthcare and pharmaceutical industries, but also in sectors such as automotive and defense. It’s a market that is already worth $3.1

Stephenson 114

Stephenson Wireless Christensen Automotive 114

Marshall Goldsmith

NOVEMBER 4, 2013

In some cases, they may choose to experience a short-term loss, so that the organization can achieve a long-term gain. This trend toward building long-term customer relationships, not just achieving short-term sales, means that suppliers need to develop a much deeper understanding of the customer’s total business.

Short-term 107

Short-term Long-term Trends Telecommunications 107

HR Digest

NOVEMBER 10, 2021

Ramcess Jean-Loiuis, Pfizer’s Chief Diversity, Equity & Inclusion (DEI) Officer, is not short on ambition. Having joined the world’s largest pharmaceutical company, she is now out to raise the bar for human resources leadership across the organization.

Diversity 102

Diversity Commitment Learning-by-Doing Globalization 102

Strategy Driven

JULY 13, 2011

Good performance measurement can help overcome the short- term bias of financial measures by explicitly monitoring how well a company or business unit is positioned to sustain and improve its financial performance. Short-term value drivers are the immediate levers of ROIC and growth.

ROIC 62

ROIC Balanced Scorecard Metrics McKinsey 62

The Horizons Tracker

NOVEMBER 29, 2023

According to a study conducted by the Indiana University Kelley School of Business, diversity in terms of gender, race, and ethnicity has proven to be beneficial for companies operating in the United States. “We looked at their experiences and not just their demographic background—the more functional aspect of diversity. ” .”

Diversity 115

Diversity Innovation Biotechnology Short-term 115

Tanveer Naseer

MAY 16, 2011

Russell is an educational psychologist, author, executive coach and management consultant whose clients include Fortune 500 executives in aerospace, healthcare, pharmaceutical and biotechnology, information technology, telecommunications and oil and gas. The following is a guest post by Russell Bishop. So sue me” was the response.

Bureaucracy 232

Bureaucracy Compliance Learning-by-Doing Engineering 232

Coaching Tip

MARCH 15, 2011

While we’re on the subject of government’s role in our lives, I also believe we must banish “Too Big to Fail” from our vocabularies, stop the bailouts and if necessary endure the short term pain of scattered industry failures in order to come back leaner, meaner and stronger than ever. .

Pharmaceuticals 84

Pharmaceuticals Creativity Long-term Power 84

Harvard Business Review

MAY 31, 2018

A 2014 global survey of more than 600 C-suite executives and directors, conducted by the non-profit Focusing Capital for the Long Term (FCLT), reported that two-thirds of those surveyed said pressure for short-term results had increased over the previous five years. And short-term thinking since that survey has not abated.

CEO 8

CEO Short-term Long-term McKinsey 8

Harvard Business Review

SEPTEMBER 23, 2014

Take the case of Janssen, the pharmaceuticals arm of Johnson & Johnson, which created a breakthrough innovative program called Immersion. They overcame short-term thinking. A majority of public companies pledge allegiance to short-term profit over long-term vision. But it does happen.

Innovation 11

Innovation P&L Short-term Company 11

Harvard Business Review

APRIL 2, 2018

There is an abundance of high-quality comparative effectiveness data for pharmaceuticals, largely because of the drug approval process, but there’s less data on the value of other expensive investments into health, such as doctor visits and hospitalizations. (For

Health Care 8

Health Care Insurance Pharmaceuticals Incentives 8

Harvard Business Review

SEPTEMBER 29, 2011

They are not interested in hearing about the technological, regulatory, and societal developments that will determine the long-term, strategic positioning of this company.". Some large investors already have a long-term view. CEOs can seek to attract long-term investors in several ways: 1. Take consumer goods giant Unilever.

Long-term 12

Long-term CEO Short-term Asset Management 12

Harvard Business Review

JULY 8, 2016

Xiaomi’s phones are not technologically disruptive in hardware terms, but they are revolutionary in customer experience terms; customers come to expect and appreciate their weekly OS updates. We spoke with several Chinese entrepreneurs in Kunshan last month — young and old, working in both the private sector and the public.

Business Model 10

Business Model Innovation Company Apparel 10

Harvard Business Review

SEPTEMBER 21, 2018

Boards’ abilities to foster innovation clearly fall short when compared with their other activities. We also found that a focus on innovation tends to go hand in hand with longer-term time horizons. pharmaceuticals, biotechnology & life sciences, health care equipment and services); Industrials (e.g.,

Innovation 10

Innovation Short-term Telecommunications Long-term 10

Harvard Business Review

MAY 1, 2014

I learned this while leading a turnaround of NPS Pharmaceuticals , a biotechnology company that now specializes in creating treatments for rare diseases. from that of a fully integrated pharmaceutical company into a company that retained key technical expertise (e.g., Accordingly, I transformed the business model ?

Company 9

Company Pharmaceuticals Biotechnology Short-term 9

Harvard Business Review

MAY 20, 2014

Hathaway and Litan stay close to the data in this work and stop short of speculating about causes of this trend. In pharmaceuticals, the largest company, Pfizer, is the result of decades of mergers. So allow me. Consolidation of the financial sector has led to similar dynamics in other industries.

Pharmaceuticals 10

Pharmaceuticals Banking Chemicals Trends 10

Harvard Business Review

DECEMBER 14, 2017

In the CVS-Aetna case, the care provider, a pharmaceutical retailer and pharmaceutical benefit manager, provides a very limited set of health services: drugs, drug purchasing, and selected, basic, routinized primary care at more than 1,100 local Minute Clinics located in communities around the United States.

Health Care 8

Health Care System Insurance Pharmaceuticals 8

Harvard Business Review

JANUARY 27, 2016

Much fanfare has been paid to the term “disruptive innovation” over the past few years. Christensen has even re-entered the fold clarifying what he means when he uses the term. Is 23andMe potentially disruptive to pharmaceutical companies? Professor Clayton M.

Disruptive Innovation 8

Disruptive Innovation Innovation Short-term Long-term 8

Harvard Business Review

SEPTEMBER 14, 2017

A less aggressive mix (say 75:25) is typical in industries such as pharmaceuticals that want salespeople to focus on customer education, and for technical sales jobs that have a large problem-solving component. a high second number) motivates salespeople to drive short-term results.

Motivation 8

Motivation Incentives Franchising Short-term 8

Harvard Business Review

SEPTEMBER 13, 2011

But only athletic events produce clear winners and losers in the short-term — and most organizations are not actively engaged in those. Rather, we need to better understand how these numbers were achieved and what they are actually saying about a company's long-term health.

Short-term 14

Short-term Pharmaceuticals Long-term Maturity 14

Harvard Business Review

JULY 17, 2014

Likewise, marketing wants to clearly quantify the impact of its long-term branding efforts while finance is more focused on macro-economic drivers of marketing performance, such as interest rates, employment levels, inflation and retail sales. The New Marketing Organization. An HBR Insight Center.

Finance 13

Finance Marketing P&L ROI 13

Harvard Business Review

AUGUST 23, 2018

Research in cities such as Boston , Chicago , and New York has demonstrated that summer youth employment programs can boost employment and wages during the summer and also have longer-term impacts on crime and schooling outcomes. Here is what we’ve found: Short-term program impacts. Long-term program outcomes.

Short-term 8

Short-term Participative Long-term Career 8

Harvard Business Review

OCTOBER 28, 2011

The story is a familiar one: A company's quarterly earnings fall significantly short of the investment community's expectations, and the CEO announces a restructuring, including a cut in R&D, to lower costs, regardless of the negative impact on the firm's long-term prospects. Not necessarily. Not necessarily.

CEO 10

CEO Short-term Long-term Restructuring 10

Harvard Business Review

SEPTEMBER 26, 2011

The stock market is short-term-oriented. Furthermore, these actions are taken seemingly without regard to the consequences for the community, the employees, the survival of the company as an institution, or the creation of long-term firm value. Yes, those actions would have boosted short-term earnings. I disagree.

CEO 15

CEO Short-term Long-term Restructuring 15

Harvard Business Review

JUNE 29, 2015

At the same time, there are certain ways LBOs can actually make it easier for firms to invest in the long term. And it’s not as though public corporations are being praised for their long-termism—they’re also subject to shareholder pressure for short-term earnings.

LBO 8

LBO Innovation Sample Short-term 8

Harvard Business Review

APRIL 16, 2012

Strategic cash also can be used to finance long-term reinvestment programs in the business—which is especially valuable to companies in capital-intensive industries (e.g., high technology or pharmaceutical) that are investing in projects with uncertain long-range payoffs. Facilitate Investments. Arguments Against Strategic Cash.

Company 13

Company Cost of Capital Finance Long-term 13

Harvard Business Review

JUNE 27, 2012

Paul is an old friend who, until his recent retirement, worked as a senior scientist at a pharmaceutical company, where he managed a group of innovative researchers. After reading The Progress Principle , which describes our discovery that progress in meaningful work drives employee motivation, Paul was eager to share his own story with us.

COO 11

COO Short-term Pharmaceuticals Innovation 11

Harvard Business Review

MARCH 14, 2017

Year-on-year price increases for existing therapies have allowed the industry to maintain profitability, but those short-term fixes have come at a heavy cost: decreased public satisfaction with the industry and increased political scrutiny. Roivant’s first response was to address misaligned incentives.

Innovation 9

Innovation Company Incentives Industry 9

Harvard Business Review

JANUARY 10, 2014

I see a rise in business combinations of all kinds — not just M&A, but also partnerships, alliances, joint ventures, and consortia that stop short of being full mergers. And the long-term trends that have driven corporate restructuring are not going away — globalization, technical change, and ever fiercer competition between firms.

Restructuring 8

Restructuring Trends Long-term Short-term 8

Harvard Business Review

MAY 24, 2012

Pharmaceutical manufacturers, insurers, and retailers invest millions in risk avoidance. Reports last week in the New York Times cited organizational discord at JPMorgan Chase as contributors to the company's multi-billion dollar trading loss. Risk management isn't exclusive to banking.

Merchandising 11

Merchandising Risk Management Supply Chain Retail 11

Harvard Business Review

FEBRUARY 26, 2013

One pharmaceutical company's overly-cautious sales force expansion strategy resulted in too little support for a new product launch and cost the company 17% of profits over three years. Finally, keep in mind that changes in sales force size have both short-term and long-term impact.

Company 8

Company Short-term Long-term Cost 8

Harvard Business Review

OCTOBER 24, 2017

Lobbying for policy reform isn’t much of an answer, because incumbents generally have the benefit of long-term relationships with government agencies built up over many years. In late 2015, a San Francisco ballot initative proposed new restrictions on short-term rentals. Partner organizations.

Licensing 9

Licensing Proposal Retail Long-term 9

Harvard Business Review

MARCH 28, 2012

The Swiss pharmaceutical giant Roche is nothing if not determined in its quest to acquire Illumina, the San Diego-based leader in genetic-sequencing equipment. Facebook over the years has been a master at this, making many acquisitions that were relatively modest in dollar terms in order to secure talented innovators.

Innovation 13

Innovation Company Biotechnology CFO 13

Harvard Business Review

SEPTEMBER 5, 2016

Cigna is the first insurance company to get pharmaceutical companies to agree to value pricing based on results for certain cholesterol-lowering drugs. Another problem we’ve seen is that some providers, seeking to fit in to a payment cycle, focus on short-term results, losing sight of the end goals. ” Health care.

Incentives 8

Incentives Health Care Education Insurance 8

Harvard Business Review

MAY 11, 2017

And life is just too short to be unhappy at work. But we hear this kind of thing all the time from leaders in industries as varied as financial services, education, pharmaceuticals, and health care. This kind of thing stresses me out to the max.” ” Stress a happiness killer.

Stress 15

Stress Health Care Emotional Intelligence Pharmaceuticals 15

Harvard Business Review

JUNE 23, 2016

A global pharmaceutical company was about to lose the strategic advantage of several blockbuster drugs coming off patent. Lastly, this group may be more attuned to individual interests (including performance metrics and compensation incentives) rather than the collective and longer-term needs of the firm. paul Garbett for HBR.

Leadership 10

Leadership Diversity Committee Long-term 10

Harvard Business Review

MAY 1, 2013

While currently crippled by inadequate infrastructure in many countries, low- and middle-income countries will be the fastest-growing markets for pharmaceuticals and medical devices over the next decade. What can the health care industry do to help fight disease, while still maintaining its commitments to shareholders? Redefine ROI.

Health Care 8

Health Care ROI NGO Long-term 8