Economic "short-termism": the debate, the unresolved issues, and the implications for management practice and research

Article Abstract:

In many crucial decisions, the course of action that is most desirable over the long run is not the best course of action in the short term. This is the dilemma addressed by the ongoing debate over economic "short-termism," sparked by contentions that U.S. firms are losing to overseas competitors because U.S. management in unwilling or unable to invest in the long run. I argue that the debate has suffered from a limited focus; to address this problem, I present a framework that addresses organizational and individual as well as economic perspectives. I offer a review of concepts, analysis, and evidence, and I suggest a cross-discipline, multilevel research agenda for advancing understanding of this vital topic.

Economic aspects, Investments, Economic policy, Influence, Corporations, Business planning, Organizational behavior

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WEIGHT DEBATE

Article Abstract:

THE ISSUES INVOLVED WITH TRUCK WEIGHT REGULATION ARE UNIFORMITY FROM STATE TO STATE, TAXPAYER COSTS FOR DAMAGE TO HIGHWAYS FROM EXCESSIVE WEIGHT LOADS, AND FUEL EFFICIENCY. THE TRUCKING INDUSTRY ARGUES THAT THE GREATER EFFICIENCY IS WITH THE LARGER LOAD. HEAVIER AXLE WEIGHTS ARE BLAMED FOR AS MUCH AS 80 PER CENT OF HIGHWAY SURFACE DAMAGE. GREATER USE OF TRUCKS ON RAILS IS ONE ANSWER.

Management, Laws, regulations and rules, Trucking, Transportation, Transportation law, Freight, Cost (Economics), Costs (Economics), Cost control

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Allergan's ads on cataracts join health debate at awkward time

Article Abstract:

Allergan Inc. has begun an ad campaign for 'cataract awareness.' A treatment for cataracts involves implantation of synthetic lenses which Allergan manufactures. The campaign comes at a time of skyrocketing costs to the Medicare system for prescription drugs and procedures, fueled in part by promotions of this type.

United States, Advertising, Advertising Activity, Ophthalmic goods, Ophthalmic Goods Manufacturing, Implantable Contact Lenses, Ethical aspects, Medical equipment and supplies industry, Medical equipment industry, Advertising campaigns, Allergan Inc., AGN, Intraocular lenses

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