Short-Termism

What felled mighty Kodak was not Sony, Canon or even Apple – but its owners, the shareholders. Make no mistake: This was a suicide.

Lately, I have been caught in the middle of another one, after years ago vowing that I never would. The corporate suicide underway at the moment, has turned out to be a pretty determined attempt, but at least thus far it has proved mercifully unsuccessful. The destructive forces of trading mechanisms and what has become known as “short-termism” is an assault on the very fabric of many companies. Wisely, some CEO’s are boldly eschewing these influences and pushing back at the groups demanding short term transactions that harm long-term viability.  But yields are very hard to come by these days and don’t look like they will be easier to find any time soon. The pressure is immense to extract economic value today against a potential increase in value or usefulness later. Like a giant debt Ponzi scheme, good businesses are forced to yield cash today in hopes they will figure out to create more of it tomorrow. In For Goodness’ Sake: Satisfy the hunger for meaningful business, we will see that a whole new foundation for why a business exists is being erected by ordinary people saying they need some really important things fixed, and fixed now, and they are not waiting around for what they need. Smart businesses are showing up to deliver on these expectations, and thriving.

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As the COVID-19 pandemic sweeps across our world, our country, our region and our homes, we find this is a time, more than ever, to know our Purpose as a business and to live it out every day. For us, at The Telosity Company, we seek to help leaders Build Healthy Human Companies that Do Good Work.

More than ever, this is our commitment to our clients, to serve by helping you know your Purpose and Identity as a company and live it out, creatively, every day in the Good Work you can do in your community, especially when it is so needed.