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| Date: |
22/07/09
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| Title: |
Corporate Endurance - GFC Lesson is Business Should Shun ‘Short-termism’ |
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A survey of more than 1,200 executives has revealed that achieving ‘short-term financial goals’ is influencing the business direction of almost half of Australia’s corporations.
The survey by the Australian Institute of Management discovered that 44 percent of participants believed attaining short term profit goals was impacting on their organisation’s approach to business. Furthermore, 51 per cent of respondents working with public companies said seeking short term profit goals was affecting their organisation’s performance.
(public company respondents totalled 33% of those surveyed) |
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