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As a long run strategy, the company entreats web service providers to embrace open standards that facilitate interfacing between social networks and non-social networks such as Google Calendar, YouTube, and Yahoo Messanger.
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Automation, among other things, may be a good long-run strategy, but in the short term IBM has to keep growing and get its share price up.
Two years ago, faced with soaring unemployment and large budget deficits — both the consequences of a severe financial crisis — most advanced-country leaders seemingly understood that the problems had to be tackled in sequence, with an immediate focus on creating jobs combined with a long-run strategy of deficit reduction.
If the superior long-run strategy performs as well in the short-run as the Obama administration's more classically Keynesian approach, Mitt Romney or whoever wins the GOP nod in 2012 will be able to make a plausible-sounding case that Mr Obama mismanaged the recovery and left Americans worse off than a Cameron-like conservative budget-cutter would have done.
"This is not a very good long-run strategy.
Khrushchev transformed "peaceful coexistence" from a short-term tactic into a long-run strategy.
The stimulus was one of the administration's first attempts to micromanage the economy with short-run policies instead of offering a long-run strategy for restructuring government.
This twin-track approach can be interpreted in various ways, one of which is to see it as both a short-run and a long-run strategy.
Our long-run strategies will have to take more comprehensive and constructive forms.
Because of the unrelenting pressure to grow, many globalization gambits are opportunistic and jeopardize carefully crafted long-run strategies.
Instead, they could talk in terms of M1 growth rates and credible long-run strategies and whatever, while in fact what they were basically doing was pushing the economy into a deep recession and keeping it there until inflation cried uncle.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com