Think long term, but act short term – Sam Jonah

Former Chief Executive of AngloGold Ashanti, Sir Sam Jonah, has stressed that to achieve business success in the current global space; one requires long-term thinking and short-term action in today’s economy.

The business mogul was speaking at the Gold Coast University Leadership Conversation in Accra on Saturday, March 22.

Addressing students, persons from the Academia and the leaders from the business community at the Gold Coast University Leadership Conversation in Accra on Saturday, March 22, Sir Sam Jonah highlighted that successful global companies have thrived by adopting this approach, allowing them to expand and grow rapidly.

“Look at where you want to take the business in the long term, and let all your decisions and actions be guided by that, by using all the tools available to get there,” Sir Sam Jonah said.

The Leadership Conversation was on the theme, ‘Pioneering Leadership: Navigating Ghana’s Economic and Business  Transformation.

The Gold Coast Leadership Conversation is a Premier Leadership Development Series organized by the University of Gold Coast.

Sir Sam Jonah, pointed to Huawei and other global firms as examples of businesses that have successfully adopted a long-term vision while taking short-term actions to drive growth and expansion.

“It has gotten a lot of businesses the needed results when it comes to implementing it right and religiously.

“Most businesses that have tried to ignore this have struggled to sustain the business going forward,” he stated. Sir Sam Jonah also observed that another critical ingredient needed that one needs to succeed in today’s environment is good corporate governance.