Rethinking Capitalism…

“Anyone who’s willing to postpone the long-term strategies to make the short-term numbers is in route to going out of business.”

That’s one of the quotes that stick to my mind, when viewing Harvard Business School’s professor and former Medtronic’s chairman and chief executive Bill George, being interviewed by McKinsey, on the subject of rethinking Capitalism.

Take a look at the full interview (click on the image below) and judge for yourself how the element of time should be tied to the pinnacle of Capitalism, which is profit creation!

BillGeorgePlay

You can also take a look at the full transcript here.

What do you think is the current status of Capitalism? Is there a right answer to the time question?

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