The fact that many large firms still focus on maximizing short-term shareholder value is at the root of the problem, and business schools themselves reinforce this thinking.
Short-term shareholder value thinking is embedded in the core curricula of MBA courses around the world. Managerial economics and accounting tend to assume that short-term profits will lead to long-term shareholder value. Profits are “the overall goal” of the firm. more> http://tinyurl.com/poeknhh