Business leaders often take actions that prop up earnings in the short term but compromise their companies’ long-term health. Short-termism is rampant among executives and managers today, causing many companies to underperform and even go out of business.
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Upon becoming Honeywell’s CEO in 2002, David Cote encountered an organization on the verge of failure, thanks to years of untrammeled short-termism. To turn the company around, he and his team adopted bold operational reforms and counterintuitive leadership practices that enabled them to pursue strong short- and long-term results. The outcome was phenomenal. Under Cote’s leadership, Honeywell’s market cap grew from $20 billion to $120 billion, delivering returns of about 800 percent, two-and-a-half times greater than the S&P 500.
Presenting a comprehensive solution to a perennial problem, Winning Now, Winning Later is a go-to guide for leaders everywhere who seek to finally transcend short-termism’s daily grind and leave an enduring legacy of success.
In the Soundview Summary of Winning Now, Winning Later, you will learn:
- How to think independently and foster independent thinking among others.
- How to spot practices that seem attractive in the short term but will cost the company in the future.
- How to sustain short-term performance and long-term investments even in challenging times, such as during recessions.
Soundview Subscribers can read this summary in their Library now.
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