;#Faculty News;# | HBR Blogs | 30 Sep 2011
The Most Successful CEOs Come from Within
by Joseph L. Bower
To achieve sustained growth and profit in today's hyper-competitive global markets, leadership must have a deep commitment to and knowledge of those who truly invest in the firm — employees, vendors, customers, the community, and owners in for the long term. My view is that an emphasis on short term (i.e., quarterly) earnings has many damaging effects on a company's ability to pursue an innovative or entrepreneurial corporate strategy.

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