Na última terça-feira à noite, num noticiário televisivo, vi um discurso de Alberto João Jardim. Falava sobre as necessidades financeiras da Madeira e a insensibilidade do governo da república.
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Lembrei-me logo deste postal sobre Zapatero e ainda deste outro, ambos sobre o papel das experiências de vida.
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Do abstract do artigo "Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Style" de Antoinette Schoar e Luo Zuo retiro:
"We identify the impact of an exogenous shock to managers’ careers, in particular the business cycle at the career starting date. Economic conditions at the beginning of a manager’s career have lasting effects on the career path and the ultimate outcome as a CEO. CEOs who start in recessions take less time to become CEOs, but end up as CEOs in smaller firms, receive lower compensation, and are more likely to rise through the ranks within a given firm rather than moving across firms and industries. Moreover, managers who start in recessions have more conservative management styles once they become CEOs. These managers spend less in capital expenditures and R&D, have lower leverage, are more diversified across segments, and show more concerns about cost effectiveness."
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Faz todo o sentido pensar no que isto vai representar nos próximos anos... no Estado.
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"Even with its engines on hard reverse, a supertanker can take one mile to come to a stop. This property of mass—resistance to a change in motion—is inertia. In business, inertia is an organization’s unwillingness or inability to adapt to changing circumstances. Even with change programs running at full throttle, it can take many years to alter a large company’s basic functioning."
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Trecho retirado de "Good Strategy, Bad Strategy" de Richard Rumelt.
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