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Short-term thinking is the very opposite to sustainability. Yet, I see well-meaning proponents of the latter, dancing around the need to exhibit long-term thinking. The reasons are many, but one ...

Long-term thinking and short-term thinking are two distinct approaches to decision-making that can have significant impacts on individuals, organizations, and society as a whole. While short-term thinking focuses on immediate results and gratification, long-term thinking considers the broader implications and consequences of actions over an ...

Society Why we’re trapped in short-term thinking and how to take the long view. Many of the most serious problems we face are the result of our tendency to focus on the present at the expense of ...

Short-term thinking is an easy trap when the future seems so theoretical. Maybe you love pizza — sure, you know it's not great for your health. But when presented with the opportunity to enjoy ...

Short-term thinking in action. Short-term thinking simply means considering only what is in front of you at any given moment. As opposed to considering the possible impacts of a course of action over the long-term, short-term thinkers focus on what might happen today or tomorrow.

Short-termism is a common affliction and an ancient habit. But our short-term tendencies are getting worse, precisely at a time when we need to measure our actions’ impacts long into the future.

Short-term career goals alone don’t work Experts say mindfulness is another practice that firms should consider employing to give people a longer-term view. Mindfulness entails building greater self-awareness , which Korn Ferry’s Vice President of Global Benefits and Mobility Operations, Brian Bloom , says is best accomplished by ...

Clearly, short-term thinking is largely embedded in our way of life. Because our brain cannot evolve faster than our environment, the question is whether it’s even possible to focus on the long term. The answer can be found in the writings of Kahneman, who was awarded the Nobel Prize in economics in 2002 for his work on prospect theory.

Of all their projects, however, the most ambitious attempt to break people out of short-term thinking is a symbolic installation – the 60m-tall (200ft) 10,000 Year Clock, currently being ...

Short term thinking is something that causes bad leadership, because it leads to poor decisions or lack of action. Unfortunately, I find short term thinking to be relatively common in most workplaces. Personally, I find that deciding on a course of action often becomes a lot easier when you look forward and start thinking about the longer term.

Short-term thinking has become our default; meanwhile, we can’t marshal the focus or resources to tackle some of the world’s most pressing problems -- the kind that loom long term, from public ...

You can see short-termism in business, in populist politics, and in our collective failure to tackle long-term risks like climate change, pandemics, nuclear war, or antibiotic resistance.

In this situation, short-term thinking is necessary to quickly make a decision and purchase a thoughtful present within the limited time available. Emergency Medical Decisions: When faced with a medical emergency, such as an injury or sudden illness, short-term thinking becomes paramount. The focus shifts to taking immediate actions to ensure ...

Short-term thinking is a common and natural tendency, but it can have harmful and lasting effects on our lives. By developing a long-term perspective, we can overcome the trap of short-term ...

The Impact of Short-Term Thinking on Businesses and Investments. Since short-termism prioritizes short-term objectives over long-term goals, it can have a severe impact on business performance and financial goals. For instance, it can cause companies to fixate on quarterly goals and cut back on funding for research and development (R&D), which ...

Owning up to difficult truths. There is a growing consensus that our economy has become hostage to short-term thinking, the demand of investors for immediate returns on their investments.

If you must prioritize the short-term goal, set a deadline to return your focus to the competing long-term goal. Consider how you can protect your week to ensure you are giving enough time to long-term thinking. Google gives their employees 20% of their week to work on creative projects unrelated to their short-term goals or weekly ...

Short-Term Demands Spur Short-Term Thinking. Attributing greater value to a shortfall than to overperformance reflects the market’s “loss aversion” – our tendency to be more sensitive to losses than to gains of equal magnitude – yet this phenomenon also signals a long-term economic trend toward short-term demands and rewards.