Living Strategy: Putting People at the Heart of Corporate Purpose

Notes

1. The concept of managerial short-termism in the companies we studied in the Leading Edge Research Consortium is discussed by my colleague Pat McGovern in the chapter entitled 'HRM policies and managerial practices' in Gratton, L., Hope Hailey, V., Stiles, P. and Truss, C. (1999) Strategic Human Resource Management: Corporate rhetoric and human reality, Oxford University Press, London. For a wider description of the argument see Marsh, P. (1990) Short-termism on trial, International Fund Managers Association, London. Demirag, I., Tylecote, A. and Morris, B. (1994) 'Accounting for financial and managerial causes of short-term pressure in British companies', Journal of Business Finance and Accounting, vol. 21, no. 8, pp. 1195–1213. For a wider ...