Deadly Disease of Management: Emphasis on Short-term Profits

Deming Institute

One of Dr. Deming’s 7 deadly diseases is: Emphasis on short-term profits: short-term thinking. It is easy to focus on short term goals and use a somewhat simple short term figure to measure success.

Creative Solutions to Short-Term Cash Flow Problems

Women on Business

We've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link]. Women On Business Sponsors cash flow

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Killing Short Term Leadership

The Leadership Advisor

When these two problems collide, which is quite frequently, the end result is what I call Short Term Leadership. Enter more Short Term Leadership. Here are a few tips to kill Short Term Leadership once and for all.

The Hidden Benefits of Short-Term Business Travel

Harvard Business Review

Much has been written about long-term expatriate assignments , but for many of us, a more common “assignment” is the short-term business trip — that four-day jaunt to Dubai or the there-and-back trip to Buenos Aires.

How Do You Calculate ROI?

Mills Scofield

The calculation defines gain in financial terms. Business Metrics Culture Impact Innovation Investment KPIs Leadership Long-Term Measuring Success ROI Short-Term Strategy

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Lessons from Companies That Put Purpose Ahead of Short-Term Profits

Harvard Business Review

” Paul Polman, the CEO of Unilever, announced that shareholders should sell if they did not agree with his decision to stop giving quarterly results and focus on the long-term creation of value that is “equitable, shared and sustainable.”

A Partial Defense of Our Obsession with Short-Term Earnings

Harvard Business Review

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.

Mastering Your Memory

Coaching Tip

There are two primary kinds of memory: short term and long term. Short term memory has both a limited capacity and a limited duration. . Books Business Coaching Health Personal Coaching Personal Life Self-Awareness Skills Tips What is Work life short term memoryWe know so little about our own brains.so it should come as little surprise that we know even less about "memory.". How does memory actually work? .

Blind spots that smart people should be aware of

Rajesh Setty

Being short-term focused at the expense of personal growth. Being short-term focused has many problems the big one being loss of an opportunity to grow and increase their capacity. Being confident (see item #5) means they move fast covering lot more ground in a short time.

Engage a Mentor with a Short-Term Project

Harvard Business Review

That puts suitable mentors in short supply for young workers. As Jeanne Meister and I discussed in the HBR Guide to Getting the Mentoring You Need , one way to improve the odds of getting the mentor you want is to be sensitive to their limited time through a short engagement. Think really short, as in, less than a month — in essence, a micro-mentor.

What’s wrong with waiting for an opportunity?

Rajesh Setty

Fifth and probably the most under-rated reason is that you get used to seeing short-term results for your efforts. When you pursue a big and bold opportunity, short-term results are limited and that probably will scare the hell out of you.

How CFOs Can Take the Long-Term View in a Short-Term Economy

Harvard Business Review

Investors are increasingly seeking firms with long-term growth strategies, rather than ones focused on managing short-term earnings to boost the stock price. For CEOs, creating and communicating long-term growth strategy is easier said than done.

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STIR again!

Rajesh Setty

STIR = Short-term Invisible Results. Most people understand short-term and results. So, what you will see are “short-term invisible results” (STIR). A series of such short-term invisible results is what will lead to real long-term results. The formula is: Long-Term Results = STIR + STIR + STIR + ….+ The visible long-term result is a published book. Main Page long-term results short-term strategy success

Coaching Others: Short Term Pain for Long Term Gain

Aspire-CS

Let’s call using coaching skills “short term pain for long term gain”. The great news is that if you are dedicated to it, and spend the time it takes there are some wonderful long term benefits for you and your employees.

The most common mistakes made when initiating change

First Friday Book Synopsis

Most change initiatives fail or at least fall far short of original expectations and reasons vary from one debacle to the next. John Kotter has identified what he believes are the eight most common mistakes that are made and what he doesn’t know about the subject really isn’t worth knowing. As is frequently the case [.].

When Not To Wait For Your Job To Improve

The Idolbuster

This is about bringing shareholders a short term return, which is ok with me. From a business standpoint however, I think anything that prioritizes the short term over the long term is poor strategy. The result: Less total revenue for the year, and long term customer relationships were reduced to transactional interactions. The company was telling us what was most important to them, and it wasn’t long term value creation.

Pathways, Means and Travelers

Rajesh Setty

If that happens, you might have a successful short-term strategy coupled with a flawed long-term strategy. Lots of questions popup even when you are planning for a short trip. Focusing on “pathways” and “means” will give short-term results.

Beware of Short-term Management, Not the Short-term Investor

Harvard Business Review

Much has been made in recent years about the pernicious influence of short-term investors on corporate performance. I believe these arguments often miss a nuance: It is not the short-term investor but short-term management that is the problem. The short-term investor does not reduce the firm's long-term competitiveness and value;short-term management does. Indirectly though, these short-term traders can destroy value.

“Long-range goals keep you from being frustrated by short-term.

CEO Blog

“Long-range goals keep you from being frustrated by short-term failures&# - James Cash Penney Categories: About The Book Daily Guest Post FTC Notice – conflicts of interest Latest Articles Motivational Business Quotations Time Leadership Audio CD Your days seem to get busier and longer. Provides the nessecary tools to master not only effeciency skills, but also effectivness skills.

5 Leadership “Insurance” Plans – Is Your Organization Prepared?

Modern Servant Leader

Short Term Leadership Insurance. Short term health insurance is all about protection in a transitional or critical time. Short term leadership insurance should be the same. Long Term Leadership Insurance.

10 Awful Truths Every Leader Needs to Know

Jesse Lyn Stoner Blog

You might get away with ignoring these truths for the short term. You can rally people with charisma and through fear for the short term.

Two thought-provoking perspectives on the “crisis of capitalism”

First Friday Book Synopsis

transformational innovation in product and process technologies to minimize resource use the “short-termism” of so much modern business lies at the heart of many of today’s problems The challenge for business is to meet global needs in a sustainable fashion The remedies for capitalism Two thought-provoking perspectives on "the crisis of capitalism" UnileverHere are brief excerpts from two articles featured by McKinsey & Company.

Motivating people: Getting beyond money

First Friday Book Synopsis

Bob''s blog entries Conference Board Elizabeth Mohr Employee Engagement: A Review of Current Research and Its Implications John Gibbons Martin Dewhurst Matthew Guthridge McKinsey & Company Motivating people: Getting beyond money some nonfinancial motivators are more effective than extra cash in building long-term employee engagement Many financial rewards mainly generate short-term boosts of energy The McKinsey Quarterly

What You Can Learn From Black Swans, Forecasting, and Idolatry

The Idolbuster

Another option, which I will explore in the next post, is to find a way to find a more flexible work environment that focuses on longer term results. Busting Your Corporate Idol Chapter 9: Paint Your Environment Featured black swan corporate idolatry forecasting idolatry maimonides rambam short term strategy talebChapter 9 Paint Your Environment Part 9.

Are you planting ‘temporary tree’ solutions?

The Organized Executive's Blog

I learned that some agricultural experts refer to Bradford pear trees by that term when I told a friend about the first tree in our yard damaged in a storm. A simple “pretty” solution may work for a short term, but one that is strong and able to withstand challenge often will take longer to develop and not look so neat. Problem-Solving decision making long-term solutions process improvement short-term solutions

Are You Living for the Short Term or the Long Term?

Marshall Goldsmith

In analyzing how we spend our time, whether personally or professionally, it can be helpful to consider two dimensions: short-term satisfaction and long-term benefit. can help us gauge the degree of short-term satisfaction that we get from any activity. or "Is the successful completion of this activity going to have a long-term positive impact on my life?" can help us gauge our expectations for potential long-term benefit from any activity.

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What makes companies successful?

Talent Technologies

Ultimately the company itself may either be acquired or slide into bankruptcy in the longer-term. ’ The company may enjoy short-term brand success but, ironically, if it cannot sustain it their brand may be tarnished irreparably.

The Disney Way: A book review by Bob Morris

First Friday Book Synopsis

The Disney Way: Harnessing the Management Secrets of Disney in Your Company William Capodagli and Lynn Jackson McGraw Hill, Second Edition (2006) The ROI of “Magic” According to William Capodagli and Lynn Jackson, “This book tells the inside story of just how Disney’s success was achieved — not by epiphanic flashes of creative insight that [.].

Doing Both: A book review by Bob Morris

First Friday Book Synopsis

Doing Both: Capturing Today’s Profit and Driving Tomorrow’s Growth Inder Sidhu FT Press/Pearson Organizational transformation is not — repeat not – a zero-sum game One of the most self-defeating mindsets is suggested by the admonition, “You can’t have your cake and eat it too.&# Obviously there are situations when there are two options that are [.].

Happy, Grumpy, Dopey, Sneezy: Which Dwarf Are You?

Marshall Goldsmith

I measure this in two dimensions: short-term satisfaction and long-term benefit. ” can help gauge the degree of short-term satisfaction that we get from any activity. ” can help gauge our expectations for potential long-term benefit from any activity.

15 Things Leaders Can Manage (and One They Can’t)

Jesse Lyn Stoner Blog

You can focus strategically on where you’re going, or you can focus on short-term fires and go from crisis to crisis. 15 Things Leaders Can Manage Things Leaders Can Manage (and Should) 1. Focus and Attention You can manage what you put your attention on. Priorities In areas where you have autonomy, you can […]. The post 15 Things Leaders Can Manage (and One They Can’t) appeared first on Seapoint Center for Collaborative Leadership.

Art of Managing—Is Your Success Placing You on a Glide Path to Oblivion?

Management Excellence

Moore Short-Term Success and Long-Term Growth We''ve Moved! Update your Reader Now. This feed has moved to: [link] Update your reader now with this changed subscription address to get your latest updates from us.

How to Respond with Grace and Resolve When Teammates Disengage

Leadership Freak

Isolation and disengagement may be normal in the short-term. Things happen. Patterns of disengagement fracture teams. 7 reasons people disengage: #1. They want something. Shutting others out may be a message, “I’m not… Continue reading → Feedback Leadership Development organizational success

One Reason Your Employees are Rolling Their Eyes

Let's Grow Leaders

The first key to real encouragement is have a real understanding of which behaviors are driving your long-term results. For example, what behaviors lead to long-term customer retention? Sure it’s simpler to focus only on short-term outcomes.

Influencing people who don’t report to you

N2Growth Blog

Acknowledge short-term pain for longer-term gain. Maybe the toughest thing in management to do is persuade others to go along with you when you have no authority over them. If you find yourself in this situation, consider these five action steps. Do your homework.

If You Can't Measure It, You Can't Manage It

Six Disciplines

When it comes to executing your business strategy, you must first translate the strategic plan into short-term operating objectives or metrics - and progress must be monitored and measured regularly. To achieve strategic objectives, your organization must develop short-term measurable objectives that logically relate to the company''s strategy, as well as a plan for how your organization plans to compete: how you will be different from your competition.

Peter Senge: How to Overcome Learning Disabilities in Organizations

QAspire

People look at meeting their own numbers and push the work to next stage and often, what happens is that while people win (in short term), the system fails. As an organization grows, managing the flow demands work items to move from one team/department to another.

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3 Secrets to Sharing Secrets

Let's Grow Leaders

Keeping secrets creates short-term advantages and long-term costs. Don’t keep secrets. You gain the edge, but lose the relationship. The world could use less secrets and more sharing. I wish you would share more.

Building an Adaptable Team: 6 Ideas

QAspire

In case of teams, individuals and organizations, the consequences may not be visible in a short term, Ability to deal with rapid changes and uncertainties on the field is as critical a skill for organizations/teams as it is for the military troops. In military operations, lack of agility can have more serious and rapid consequences.

Putting People First: Leading in an Era of Constant Transformation

QAspire

Or, given the urgency, what they’ll do is they’ll just focus on the short-term results, but that doesn’t give any hope for the future. Leading in an era of constant disruption, change and transformation is not easy.

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