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We Can’t Study Short-Termism Without the Right Metrics

Harvard Business Review

The McKinsey Global Institute, in conjunction with FCLT Global, recently released research stating that long-term-oriented companies perform better than those that focus on short-term results. Getting the measurement right is central to providing convincing evidence on the debate over short-termism.

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How Uber Explains Our Economic Moment

Harvard Business Review

Because I’m interested in the peer economy I followed standard practice and asked the driver how long he’d been part of the Uber network and how he liked it. In the wake of the great recession steady jobs had been replaced by short-term contracts, and there weren’t even a lot of these to be had.

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The Get-Big-Quick Fallacy

Harvard Business Review

If you are inside a big company, profit-draining ventures are typically early sacrifices in corporate cost-cutting exercises. There''s a term in the psychology literature for this — the availability heuristic. Growth is great, but profits are more convincing proof of long-term viability.

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How Drucker Thought About Complexity

Harvard Business Review

I have long been influenced by Drucker''s work. Power laws with spiky heads and very long tails progressively crowd out the familiar bell curves that made life seem predictable. If we are to successfully adapt to the escalating complexity of our environment, we need to invest more time and energy in exploring institutional innovation.

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Why Tesco’s Strengths Are No Longer Good Enough

Harvard Business Review

The “ accelerated recognition of commercial income and delayed accrual of costs” undoubtedly flatters short-term results, but it soon catches up with you, as four suspended senior executives have found out. UK retail, like the rest of the developed world, is witnessing a few big long-term trends.

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When M&A Is Not the Best Option for Hospitals

Harvard Business Review

The advantages that hospital systems can derive from scale fall into four groups: Classic economies of scale focus on lowering the cost per unit of care delivered (e.g., This type of deal may involve the co-provision or outsourcing of shared services or the joint creation of knowledge and innovation. Leading Health Care Innovation.

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America's Cities Need to Get Smarter

Harvard Business Review

Meanwhile, declines in revenue and escalating fixed costs for things like public employee pensions and health care are crippling our cities budgets. Under the gun, many are proposing cuts that may produce short-term savings but could result in longer term costs. They need systemic and longer term improvements.