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Go Long: Why Long-Term Thinking Is Your Best Short-Term Strategy

Dennis Carey, Brian Dumaine, Michael Useem

The lifespans of companies are growing shorter each day. Why do some companies thrive and grow, while others fail? Inspired by the CEO Academy, the annual off-the-record gathering of chief executive officers organized by the authors, Go Long reveals how some of the world's most prominent business leaders resisted short-term pressures to successfully manage their organizations for the long term, and in turn, aim to create more jobs, more satisfied customers, and more shareholder wealth

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Book Information

Publisher: Wharton Digital Press
Publish Date: 05/08/2018
Pages: 140
ISBN-13: 9781613630884
ISBN-10: 1613630883
Language: English

Full Description

The lifespans of companies are growing shorter each day. Why do some companies thrive and grow, while others fail? Inspired by the CEO Academy, the annual off-the-record gathering of chief executive officers organized by the authors, Go Long reveals how some of the world's most prominent business leaders resisted short-term pressures to successfully manage their organizations for the long term, and in turn, aim to create more jobs, more satisfied customers, and more shareholder wealth. In Go Long, authors Dennis Carey, Brian Dumaine, Michael Useem, and Rodney Zemmel take you behind-the-scenes to witness the business decisions that are enabling leading organizations to outsmart and outlast the competition.
  • Why did CEO Larry Merlo allow CVS to take a $2 billion hit--on purpose?
  • How did CEO Alan Mulally maneuver Ford's $48 billion turnaround?
  • How did director Maggie Wilderotter and her fellow board members engage top management to embark on an unusual exercise to help Hewlett Packard Enterprise build a long-term strategy?
  • Why did CEO Paul Polman's turn back to Unilever's original mission of leading with a purpose to fuel profits?
  • How did CEO Ivan Seidenberg convince his investors and board to allow him to make a $150 billion bet?
  • How did CEO George Buckley find a way to address investor calls for 3M to spend less on research and development while still finding a way to innovate?
These leaders argue that a short-term mindset might satisfy investors for this quarter or next, but there's a heavy price to be paid. Instead, they argue, long-term thinking is your best short-term strategy. Called a "mandatory read" by David M. Rubenstein, co-founder and co-executive chairman of The Carlyle Group, Go Long is a critical resource for leaders who want their organizations to survive over the long-term and for anyone who cares about the global economy.

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