Saturday, December 22, 2012

Long and Short Term Business Goals

Why is the business environment short term oriented? 

It seems that there a few main reasons that many business remained focus on short terms goals. Managerial Incentives tend to focus on pay and rapid promotion. This seems to place pressure on employees to work towards quick pay offs. It seems managers in European countries are more focused on long-term growth and stability than their American counterparts.

How can organizations become more focused with long term goals? 

More training and corporate socialization is one method the texts describes for increasing management focus with long term goals. Making employees they are employed for the long term increases and sense of well being within a company. By building social obligations and investing in employee growth will lead to better long term financial results for a company.

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