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Eli Lilly's Lesson in Long-Term Thinking

Stock quotes in this article: LLY , IMCL  

It's easy to let short-term necessities overshadow long-term goals. Who cares about five-year plans when you've got to sort through this week's inventory and meet this month's payroll?

But muddling along from day to day only takes you so far. Sometimes you've got to look at the future of your business to figure out the right moves to make today.

Take Eli Lilly(LLY Quote). This week, the company announced it would pay $6.5 billion to buy ImClone(IMCL Quote), the biotech company once infamous for its connection to the Martha Stewart insider-trading scandal. ...

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