This Review looks at ‘short-termism’ within British business: the pressure to focus on short-term results to the possible detriment of the long-term health of a company, or even a whole industry. Ultimately, the concern must be for the effect this has on the competitiveness and economic prosperity of the UK.
The investigation confirmed that short-termism constrains the ambition of UK business, holding back its development and inhibiting economic growth. The research established that the causes include, but go well beyond, the oft-blamed functioning of capital markets. It makes a number of recommendations but concludes that what is required overall is a strategic view of how to utilise the inherent strengths of British business to make it globally competitive in the 21st century. How effectively this issue is addressed will determine the future economic health of the nation.Read Article