Wednesday, December 31, 2014

"short term financial performance gain"

When a Head takes a view of "short term financial performance gain" in an organisation, then it could result in a disaster for the organisation on long term. For example, short term financial performance gain can be:- reduction of new product development spending, cutting costs on information technology, no investments for process improvement and human resource development and alike. On temporary basis bottom line may improve BUT it's a matter of 1 or 2 quarters.