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Strong Dollar, Weak Thinking

Harvard Business Review

But the strengthening creates a serious challenge for the big American multinationals with large foreign operations. The standard concern is that the high US dollar hurts America’s manufacturing cost position because US production costs are inflated by the dollar’s appreciation.

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Business Needs to Do What Government Can't

Harvard Business Review

"We're moving towards innovation in technology, pricing, business models and partnerships," explains head of corporate responsibility management, Dorje Mundle, of the company's base-of-the-pyramid operations. Breakthrough is about the establishment of new models that better account for businesses' negative (and positive) externalities. "We

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Managing in an Age of Winner-Take-All

Harvard Business Review

Consider management actions such as cutting jobs and investment as a response to currency fluctuations and the resulting accounting impact of those cuts on earnings per share (EPS). However, this outcome depends on the choices of those in a position to allocate economic resources. This is a situation that cannot endure.

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Finally, Proof That Managing for the Long Term Pays Off

Harvard Business Review

New research, led by a team from McKinsey Global Institute in cooperation with FCLT Global , found that companies that operate with a true long-term mindset have consistently outperformed their industry peers since 2001 across almost every financial measure that matters. The differences were dramatic.

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4 Ways CEOs Can Conquer Short-Termism

Harvard Business Review

In a recent survey , 70% of respondents said that CEOs focus too much on short-term financial results, and nearly 60% said that they don’t focus enough on positive long-term impact. Bertolini observed that many of his peers had been promising 15% earnings per share (EPS), even during the financial crisis of 2009.

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