Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term

David M. Cote

HarperCollins Leadership, 2020 - Business & Economics - 288 pages

From local coffee shops to the largest Fortune 500 companies, everyone is struggling to make the impossible choice between chasing short-term objectives and creating a secure future for their company.

David Cote understood this dilemma and rejected it. And in these pages, he shows you how taking the same revolutionary approach might be the smartest business decision you'll ever make.

Upon taking his place as CEO of Honeywell International in 2002, he encountered an organization on the verge of failure thanks to years of short-termism.

Winning Now, Winning Later reveals the bold the operational reforms and counterintuitive leadership practices you can put into practice that will allow you to do two conflicting things at the same time--pursue strong short- and long-term results. This tested and proven approach can strengthen your business like never before, and even rescue it from the brink of disaster no matter how dire the current circumstances may seem.

Offering 10 essential principles for winning both today and tomorrow, this book will help you:

• Spot practices that seem attractive in the short term but will cost the company in the future
• Determine where and how to invest in growth for maximum impact
• Sustain both short-term performance and long-term investments even in challenging times, such as during recessions and leadership transitions
• Feel inspired to stand up to investors and other managers who are solely focused on either short- or long-term objectives
• Step back, think independently, and foster independent thinking among others around you

Presenting a comprehensive solution to a perennial problem, Winning Now, Winning Later is a go-to guide for you and leaders everywhere to finally transcend short-termism's daily grind and leave an enduring legacy of success.

What people are saying

Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term

User Review  - Publishers Weekly

Cote, executive chairman of electrical equipment provider Vertiv Holdings, seeks to dispel the false dichotomy between quick revenue gains and long-term financial health in this usefully pragmatic but ...

About the author

As Chairman and CEO of the industrial giant Honeywell over 16 years, David Cote grew the company's market capitalization from around $20 billion to nearly $120 billion, delivering returns of 800 percent and beating the S&P by nearly two and a half times. Currently, David is Executive Chairman of Vertiv Holdings Co, a global data center products and services provider. He is a member of the Aspen Economic Strategy Group and on the Boards of the Council on Foreign Relations and the Conference of Montreal.

Bibliographic information

• Title: Winning Now, Winning Later: How Companies Can Succeed in the Short Term While Investing for the Long Term
• Author: David M. Cote
• Edition: illustrated
• Publisher: HarperCollins Leadership, 2020
• ISBN: 1599510219, 9781599510217
• Length: 288 pages
• Subjects: Business & Economics / Management; Business & Economics / Mergers & Acquisitions; Business & Economics / Organizational Development