Apologies for cross-posting
Those conducting research in the area of strategy may be interested in a new study produced by the Network for Business Sustainability (NBS; http://nbs.net/). University of Connecticut researchers David Souder, Greg Reilly and Rebecca Ranucci systematically reviewed the existing literature on incorporating long-term impacts into today's decisions.
Corporate short-termism is one of the most significant issues confronting both business and society today. Sustainability requires businesses to manage resources for the long term. Yet, businesses face continual short-term pressures from investors, customers, and even their own managers.
Based on a review of over 150 academic journal articles, as well as industry reports and popular press, the report addresses contributors to, and consequences of, short-term decision-making; and identifies decision-making processes that incorporate both the short term and long term.
The systematic review is available at http://nbs.net/knowledge/strategy/long-term-thinking/systematic-review/.
An executive report for managers - appropriate for use by students - is available at http://nbs.net/knowledge/strategy/long-term-thinking/executive-report/. The executive report also emphasizes the sustainability implications of the research.
Dr. Philip Bromiley helped to guide this research, along with managers from the NBS Leadership Council.
We hope that you will find these materials useful – and welcome your feedback (online or to mfischhoff@nbs.net).
Other NBS resources
NBS systematically reviews prior research on the topics most important to a panel of sustainability officers within leading companies. These reviews are excellent starting places if you are initiating research projects in an area or looking for readings for your classes. Full reviews are available at http://nbs.net/publications/systematic-reviews/; executive reports are available at http://nbs.net/publications/executive-reports/.
NBS presents insights from thought leaders in the sustainability space, including Sandra Waddock, John Sterman and Craig Smith, at http://nbs.net/category/thought-leaders/. We also post links to recently published journal articles in corporate social responsibility and sustainability (http://nbs.net/research/).
Please subscribe to NBS (http://nbs.net/community/subscribe/) to receive our newsletter and help bridge research and practice in sustainability.
Maya Fischhoff
Knowledge Manager | Network for Business Sustainability
412-965-1756
http://www.nbs.net
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