We find that our measure of disclosure time horizon is associated with capital market pressures and executives short term monetary incentives. Consistent with the language emphasized during conference calls partially capturing short termism we show that our proxy is associated with earnings and real activities management.

Overall the results show that the time horizon of conference call narratives can be informative regarding managers myopic behavior. Publisher s link http hbs faculty Pages item.aspx num JUNE HARVARD BUSINESS Egypt WhatsApp Number List REVIEW You Need an Innovation Strategy By Pisano Gary P. ABSTRACT—Why is it so hard to build and maintain the capacity to innovate The reason is not simply a failure to execute but a failure to articulate an innovation strategy that aligns innovation efforts with the overall business strategy.  have a hard time weighing the trade offs of various practices such as crowdsourcing and customer co creation and so may end up with a grab bag of approaches.



They will have trouble designing a coherent innovation system that fits their competitive needs over time and may be tempted to ape someone else s system and so they will find it difficult to align different parts of the organization with shared priorities. As Corning a leader in glass and materials science has found an innovation strategy must address how innovation will create value for potential customers how the company will capture a share of that value and what types of innovation to pursue.