Word: understandsâ
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...chances that would pay big dividends on some distant tomorrow. The median age of corporate chiefs is now 59, and so they are often driven to achieve short-term results. There is too much pressure for risk-free, sure and often modest success. Unless managers know?and the public understands???that they must be free to fail in some ventures or wait for the longer-term payoff, they will never take the daring step...
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