How Short-Term Orientation Dominates Western Businesses and the Challenges They Face—An Example Using Germany, the UK, and the USA

Abstract

The current study investigates and establishes the factors that lead to short-term orientation strategies in western organisations. Moreover, this study used questionnaire-based surveys to assess the relationship between these factors and what it would take for the organisation to move to a long-term orientation strategy. At the start of the study, it was evident that the annual bonus system is a key reason for prioritising a short-term orientation strategy. The sample was composed of 300 companies of different sizes from different western countries. Furthermore, the general consensus within these companies was that most managers knew that long-term orientation was necessary; however, either their superiors/shareholders/supervisory board only reward short-term results, or the managers and stakeholders prefer short-term goals for evaluations because it is challenging to transform a long-term strategy into multiple short-term strategies and goals. At the end of the study, a basic framework has been suggested to be used as guidelines for any company moving from short-term to long-term orientation strategies.

Reimagining Education – Exploring the Factors Influencing Perception Towards Artificial Intelligence and Its Educational Outcome

“…One unresolved issue is how society will be ready for the impending changes and how people will feel about cutting edge technology like chatbots, AI, and other sophisticated instruments. Kaplan and Haenlein (2019) [19] point out, artificial intelligence is still in its infancy and has a lot of questions about where it will go in the future. A more sophisticated comprehension and prudent use of AI necessitates taking into account a number of factors, such as employment, ethics, education, entente, enforcement, and development.…”

Sustainability-Oriented Leader, Please! Effects of Industry on Followers’ Preferences

“…Culturally endorsed leadership is a concept that is strongly related to the theme of cultural values driving organizational success in different settings (House et al 2004;Littrell et al 2018;Gerlich 2023). The literature shows that by understanding such ideal leader values endorsed by followers across cultures and empirical settings (House et al 2004;Northouse 2021;Littrell et al 2018), the prioritization of specific drivers of sustainability leadership can be better understood and aligned.…”

Leveraging Hofstede’s Cultural Dimensions for Devising COVID-19 Control Strategies

“…In contrast, in short-term orientation cultures, individuals prioritize quick results and immediate gratification over longterm planning and investment. They may be more likely to take risks and make impulsive decisions and prioritize personal enjoyment and satisfaction over long-term goals [68], [69]. Such cultures may place a greater emphasis on entertainment, leisure, and consumerism and may be less inclined to save or invest for the future [65], [70], [71].…”