DwBuff@aol.com Wrote:
| (snip)
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| Business companies have very different time frames.<<<
|
| (snip)
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| Wall Street just won't give them enough time to work on this
| stuff and most won't try it.
|
I think you've identified a very important factor here. Many people
underestimate the effect on planning horizons and decision-making
created by the pressure of quarterly profit reporting to the stock
market. This scrutiny on whether profits are better each 3-months
really shortens the time frame.
I know of many successful private companies who choose to stay private,
and thereby deny themselves access to growth capital, specifically
because becoming a public company would make it impossible to retain the
long-term planning/decision-making time horizon that has made them
successful.
-- Bob Nordlinger Department of Management Monash University Melbourne, Australia bob.nordlinger@buseco.monash.edu.au