274: Short Term Gains, Long Term Pains (part 1)

Confront the retail strategist’s dilemma: seizing the day without compromising tomorrow. In tough trading conditions, we chase short-term targets with a tempting path of quick fixes and instant rewards. But do we pause to consider the long-term game? Like a game of chess, every move counts and victory is not achieved in a single turn. Join Oliver Banks and learn the tactics that ensure today’s wins don’t become tomorrow’s losses through a series of considerations, thought-provoking questions and key activities.

Listen to this episode of the Retail Transformation Show and hear:

• How humanity is almost destined to chase the short term at the expense of long term goals.
• Learn how to use strategic decision making to balance immediate business needs with sustainable growth.
• Which crucial considerations must you factor in as you deliver near-term targets and preserve future opportunities.
• Why we must learn from the chess grandmasters.

 

Balance the short-term gains and long-term pains dilemma

Connect with Oliver to dive into conversations about your specific challenges.

📆 Book a meeting and engage in conversation

📧 Email on oliver.banks@obandco.uk

🔗 Connect with Oliver Banks on LinkedIn and send a message.

More episodes to listen to next

Some episodes were directly referenced in the episode and many episodes through the archives would be great listening following this episode. Let’s start with the opportunity to discover more about decisions in episode 195: The Anatomy Of A Decision.

Decision-making is a skill that we’re not often taught, at least not at the start of our careers. So, in episode 196: Learning From World Class Decision Makers, you can pick up tips from a range of expert decision makers. From political leaders like Winston Churchill and Barack Obama to the US Marine Corps and emergency medical teams, you’ll learn tips and tactics that you can put into practice now.

Communications was a key theme through this episode, so tune in as comms expert Lucy Eckley joined Oliver Banks for episode 209: Powerful Change Communication.

Often short term targets rely on large unplanned changes. Consider how you might alternatively take an approach of continuous improvement in episode 210: Making Marginal Gains To Drive Profit.

And finally, profitability is the ultimate aim of corporations. Stem the root cause by uncovering your path to profitability. Learn more as Oliver shares 6 workstreams that should help your organisation to drive the bottom line upwards in episode 261: Uncovering The Path To Retail Profitability.