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If you want to search the sustainability of society, we must think long term by putting a whole stratigie, which includes short-term and long-term
Yes I believe, its micro and macro level decision making that is based on the data or information you have. When you play with the data during the analysis you came across many things that help you to make the short term and long term business decisions.
As a Manager I will surely think about improving Short - Term decision making because its surely benefits for long term goals of the company. When ever decision making is long term it hampers every planning and strategy implemented so every leader and manager will emphasize on goals which has long term benefits andwhere quick decisions are made.
Yes i belive so long term thinking brings on the advantage of knowing the best , and faults of the subject ........ in term leads to making the rite decesion .
There is a single key attitude of mind that will largely determine the success you achieve in life. It is the timeframe that you take into consideration when planning your day-to-day activities, and when making important decisions in your life. In other words, if you are a long-term thinker, then you are significantly more likely to achieve greater success in your life compared to those that aren’t.
he case for long-term thinking as a success factor
Dr. Edward Banfield of Harvard wrote about this in his book, The Unheavenly City Revisited
He expected to find that factors such as education, intelligence, family background, and influential contacts would be the answer to his question. However, what Dr. Banfield discovered was that a person’s time perspective or how far they project into the future when deciding actions to take in the present largely determined their success.
The results of a failure to think long-term
It seems to me that a lot of what created the mortgage and financial crisis we are dealing with is short-sightedness. Consumers failed to delay their purchases until they could truly afford a new home. Bankers loaned money to unqualified buyers because they wanted to make an immediate profit. Politicians encouraged this behavior because they wanted to give more Americans what they desired to get their vote.
Everyone involved decided to immediately gratify themselves without consideration for the long-term impact. Apparently, none of these people looked into the future far enough to predict the outcome we are experiencing. This failure to plan long-term is what created the crisis.
A real-life example of long-term thinking
Obviously, some people think long-term while others do not. An example of this that stuck out to me early in my life occurred at high school graduation. Some of those that I graduated with went on to college while others immediately began working.
