Business A-Level
short termism
What short termism means in Business A-Level, as defined for AQA.
Definitions of short termism
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Reference: AQA
The pressure from shareholders and the reporting cycle that makes managers cut research, training and maintenance which would only repay years later.
Protecting this year's earnings by moves that borrow from the years ahead, such as cutting training or delaying maintenance.
Topics that use short termism
- Analysing the existing internal position of a business to assess strengths and weaknesses: overall performance (AQA A-Level)
- Mission, corporate objectives, functional objectives and strategy (AQA A-Level)
Related terms
- time horizon
- triple bottom line
- Ansoff's Matrix
- balanced scorecard
- capacity utilisation and productivity
- conflicting objectives
- core competence
- core rigidity
Using short termism in the exam
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