Mind the Gap - between short and long term strategy
Mind the Gap This article addresses a question that ESG commentators struggle with: “Is ESG a model, a science, a framework, or a reporting tool? Co-authored @yaelrozencwajg and @tonyfish An analogy. Our universe is governed by two fundamental models, small and big. The gap between Quantum Physics (small) and The Theory of Relativity (big) is similar to the issues between how we frame and deliver short and long-term business planning. We can model and master the small (short) and the big (long), but there is a chasm between them which means we fail to understand why the modelling and outcomes of one theory; don’t enlighten us about the other. The mismatch or gaps between our models create uncertainty and ambiguity, leading to general confusion and questionable incentives. In physics, quantum mechanics is about understanding the small nuclear forces. However, based on our understanding of the interactions and balances between fundamental elements that express small nuclear forces