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Short-term versus Long-Term Strategic Thinking

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Strategic thinking is a major component of business planning that sets the course of action that leads to either business success or business failure. Short-term thinking can be problematic as resources are wasted fixing potholes and gaining immediate results without considering long-term solutions. Executives that focus exclusively on short-term results sometimes leave their organizations in worse shape. A great portion of our day is engaged in crisis management where new problems arise and we must deal with them immediately before the they spread. This process can be effective in the short run but can damage the company in the long-term when the root of the problem is not addressed. The crisis situations will continue to spread and grow as the underlying issues spread. A strategy should focus on limiting the damage caused by crisis problems while ensuring the root problem is still being addressed. Executives who think short-term will see immediate results but will often damage

Call for Papers: EBMC 2014 - The European Business and Management Conference

July 3-6, 2014 - The Thistle Hotel Brighton, United Kingdom Abstract Submission Deadline Extended: May 15 2014 Conference Theme: "Individual, Community and Society: Conflict, Resolution and Synergy" The International Academic Forum in conjunction with its global university partners is proud to announce the Inaugural European Business and Management Conference, to be held from July 3-6, 2014, at the Thistle Hotel Brighton, in the United Kingdom. The European Business and Management Conference offers the occasion for wide-ranging, interdisciplinary discussion covering both policy and research in Europe, and beyond. EBMC 2014 will again bring together experts and leaders from the academic and business world to consider some of the pressing issues scholars and academics are facing in an open forum; seeking to define questions, pursue answers, search for research synergies and more; to both reflect on the recent past, and look forward, to exchange ideas and findin