McKinsey has a new study out on an important topic — the question of whether corporations systematically take too short a view and do not invest enough for the long term. If they do, as many CEOs believe, this is a serious indictment of current corporate governance arrangements and has important policy implications. To take one close to my heart, if short-termism causes underinvestment, it will be a cause of secular stagnation.
Is Corporate Short-Termism Really a Problem? The Jury’s Still Out
A response to new data from McKinsey.
February 16, 2017
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How to develop a winning strategy—and put it to work.