Good management must indeed balance many tasks, including those with short- and long-term goals. I'm only claiming that there is not only an inherent trade-off between goals (as you note), but also a psychological tendency for easily measured, short-term, monetary goals to crowd out long-term investment in (for example) people and knowledge. An attitude that directly values the latter serves, I think, as a counterweight to this tendency.

This is a squishy point, and I was moved to state it in order to expand my agreement with your earlier point, as I understood it. Disparage my effort at ET civility if you must... Bite the hand... Examine the equine teeth... ;^)

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