How can we change our mindset from short- to long-term?, was a question asked by my colleague Angus Yip, who teaches at Hong Kong University SPACE. Angus is facing the challenges of Chinese business executives that feel the pressure to meet short term targets, to show growth and profits. His question is so real. Who is exempt from this pressure?
My thought is that this is not new, particularly in the West we have been fighting the short-term pressures for many years now. The crazy 90-day cycle which is the result of returning value to shareholders every quarter makes a mockery of long-term planning.