[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-322915-105":59,"doc-detail-322915-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","why-us-managers-might-be-more-short-run-oriented-than-the-japanese","Why U.S.Managers Might Be More Short-run Oriented Than the Japanese","","Corporate myopia is discussed through the claim that U.S. managers focus too heavily on current profits while doing too little to strengthen long-run prospects, making American firms less competitive than foreign rivals, especially Japanese companies. The text argues that managers may be rationally responding to different business environments in efficient markets with information gaps. Evidence is presented via executive surveys and differences in R&D allocations, pricing reactions, and current profit levels.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/why-us-managers-might-be-more-short-run-oriented-than-the-japanese/322915/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/why-us-managers-might-be-more-short-run-oriented-than-the-japanese/322915.png","ImageObject",300,407,{"name":92,"@type":93},"Quinn","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-24","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",13,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What accusation is made against U.S. managers in the document?","Question",{"text":113,"@type":114},"U.S. managers are accused of concentrating on current profits while neglecting actions that enhance long-run prospects, leading to reduced competitiveness over time.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How does the document explain why managers might appear short-run oriented?",{"text":118,"@type":114},"It argues that information gaps in efficient markets and differing business environments can produce rational responses that make U.S. managers more short-run focused than Japanese counterparts.",{"name":120,"@type":111,"acceptedAnswer":121},"What evidence is used to support differences between U.S. and Japanese business perspectives?",{"text":122,"@type":114},"The document cites survey patterns among executives and compares R&D spending emphasis, pricing responses to cost changes, and levels of current profits between the two countries.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},322915,1790215655,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":105,"preview_page_count":4},962075114765,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","by Gerald H.Anderson  \ndecade ago,some business analystsbegan to accuse U.S.managers of con-centrating too much on current profitsand too little on enhancing their firms'long-run prospects.The implication ofthis alleged corporate myopia is thatAmerican companies would graduallybecome less competitive and less profit-able relative to their foreign counterparts(particularly Japanese fims),which arethought to be more long-run oriented.  \nExcessive concern with the current quar-ter's bottom line may lead managers totake actions that hamper a company'slong-run profitability,such as delayingmaintenance,trimming customer service,raising prices,deferring new productdevelopment,and cutting employee train-ing.All of these can eventually weaken afirm's ability to compete,but if the pres-sure for current profitability is highenough,such tactics may seem necessary.  \nIn an efficient market,where outside in-vestors are as aware of a firm's pros-pects as management,a manager couldnot raise a company's share price by in-stituting policies that increase currentreported earnings at the expense oflonger-run profitability.However,bothntuition and substantial empiricalevidence indicate that an informationgap exists,with management being bet-ter informed about a company's pros-pects than outside investors.  \nThis article examines the alleged differ-ences between U.S.and foreign busi-ness perspectives by asking whether  \n# Why U.S.Managers Might Be MoreShort-run Oriented Than the Japanese\n\nAmerican managers are indeed moreshortsighted than their foreign counter-parts and,if so,why.Because Japanesemanagers are often held up as paragonsof long-run perspective,this essayfocuses on differences between U.S.and Japanese business practices.The view that American managersfocus more on short-term goals than dothe Japanese appears to have becomeconventional wisdom.In 1985,morethan 1,000 corporate executives,tradeunionists,and independent economistsfrom 28 countries ranked Japan firstand the United States twelfth among 22industrialized nations when asked towhat extent those countries'firms focuson long-run goals.²Amore recent sur-vey further strengthens that view.In1990,when the same question was putto 1,800 executives from 34 countries,Japan maintained its number one rank-ing,but the United States fel!to twenty-first among 23 industrialized nations.³  \n# ■ Are We More Shortsighted?\n\nSurveys of U.S.and Japanese businessexecutives reveal the same pattern.A1984 study found growth to be moreimportant to Japanese managers,whileAmericans were much more concemedwith current share price.And whenthe chiefexecutive officers of the 500largest Japanese and American corpora-tions were asked to rank nine businessobjectives in order of importance totheir own fims,similar results were ob-tained.The Japanese gave increasedmarket share top priority,while that  \nAmerican managers have been accusedof opting for strategies that enhanceshort-term profits at the expense oflong-run competitiveness.One implica-tion of this allegation is that US.firmswill lose ground in the world market-place to those that have patiently pur-sued long-term strategic objectives.Thisarticlecompares U.S.and Japanesebusiness practices and finds that Ameri-can managers are indeed myopic rela-tive to their foreign counterparts,thatthis divergence in perspectives stemsfrom rational responses to differentbusiness environments,and thatadopting the Japanese way of doingbusiness is not necessarily the beststrategy for the United States.  \ngoal placed third on the Americans'list.Capital gains for stockholders wasranked second by the Americans but nirnthby the Japanese,and new product ratio(the ratio of sales from relatively newproducts to sales from older products)placed seventh among U.S.executivesbut third among the Japanese.⁵  \n# ■ Evidence from R&D Allocations,Pricing,and Profits\n\nIf there is a difference in the goals thatU.S.and Japanese managers set fortheir companies,it should be reflectedin patterns of re","cbCaisOXu1iHd1GU","https://ap.wps.com/l/cbCaisOXu1iHd1GU","pdf",1322388,"English","# Why U.S.Managers Might Be More Short-run Oriented Than the Japanese\n## Are We More Shortsighted?\n## Evidence from R&D Allocations, Pricing, and Profits","[{\"question\":\"What accusation is made against U.S. managers in the document?\",\"answer\":\"U.S. managers are accused of concentrating on current profits while neglecting actions that enhance long-run prospects, leading to reduced competitiveness over time.\"},{\"question\":\"How does the document explain why managers might appear short-run oriented?\",\"answer\":\"It argues that information gaps in efficient markets and differing business environments can produce rational responses that make U.S. managers more short-run focused than Japanese counterparts.\"},{\"question\":\"What evidence is used to support differences between U.S. and Japanese business perspectives?\",\"answer\":\"The document cites survey patterns among executives and compares R\\u0026D spending emphasis, pricing responses to cost changes, and levels of current profits between the two countries.\"}]","Why U.S.Managers Might Be More Short-run Oriented Than the Japanese | PDF",1789963885]