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The Real Reasons Companies Are So Focused on the Short Term

Harvard Business Review

This has been a remarkable year for the markets. Investors punish companies with a short-term orientation by applying higher discount rates to them, which increases the cost of capital for those companies. Instead of decentralizing R&D, recentralize it. MirageC/Getty Images.

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How Blockchain Is Changing Finance

Harvard Business Review

After all, how do you cut cost from a business or market whose structure has fundamentally changed? By reducing transaction costs among all participants in the economy, blockchain supports models of peer-to-peer mass collaboration that could make many of our existing organizational forms redundant.