You have cited software maker SAS as an example of a company actively promoting a more connected, humane workplace, with perks like a seven-hour workday and on-site day care. The interesting thing is that it is a private company and doesn’t have to answer to Wall Street. Aren’t most publicly traded companies too paranoid and bottom-line-driven for such niceties?
Hallowell: And yet (SAS) is highly profitable. Its bottom line is robust. It’s just that it doesn’t have to meet quarterly numbers. It’s almost a metaphor for the problem. If you’re only working from quarter to quarter, then it’s very hard to have a long-range strategy. Hard to weather when you take a dip. This quarter-to-quarter management succeeds in the short term but fails in the long term.
touche’!