Three top executives join Stephanie Flanders in the studio to talk about playing the long game and scouting for talent.
Nearly all business gurus recommend thinking in strategic terms rather than concentrating on short-term gains. But is this really possible in today's business environment, where a constant flow of news affects markets every second of every day? Stephanie finds out how the bosses on the panel keep their eyes on the long game. How much will they give up today to reap rewards down the line?
Also on the programme, scouting for talent. In the sporting world it's easy, because managers can watch players perform on the pitch - but businesses have it a bit tougher. The panel talks about what they look for in new talent, how they find tomorrow's superstars, and how quick it takes them to form an opinion on a candidate.
Stephanie's guests are Jayne-Anne Gahdia, chief executive of Virgin Money; Peter Hambro, chairman of Petropavlovsk; and Ellis Rich, chief executive of Independent Music Group and chairman of the Performing Rights Society.
Stephanie Flanders on... the long-term
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Stephanie Flanders suggests that if companies want to think long term, they should persuade investors to look beyond the short-term 'bumps'. Read more : Stephanie Flanders on... the long-term
Leslie Budd on... headhunting
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Leslie Budd likens headhunting for new recruits to judging a talent contest; how do companies recruit and retain talented people while the talentless are so... Read more : Leslie Budd on... headhunting
Leslie Budd on... hedge funds
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How does a football manager of a World Cup team decide when to play their best players? Leslie Budd looks at long-term and short-term investments. Read more : Leslie Budd on... hedge funds
Playing the game, attracting the talent
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Albert Camus learned everything he knew from soccer - so should businesses also be thinking like Capello? Read more : Playing the game, attracting the talent
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First broadcast: Saturday 21 Feb 2009 on BBC News
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