Stretch management timeframes and perspectives
Stretch management timeframes and perspectives
“Managers often trade away a company’s future for short-term gains. We have to fix this.”
Compensation and incentive systems often truncate executive time horizons and skew perspectives. For instance, research suggests that most executives wouldn’t fund a viable new initiative if doing so reduced current earnings. Building new incentive systems that focus executive attention on creating long-term stakeholder value is a critical priority for management innovation.