short termism

Cards (4)

Short termism definition?
The focus on achieving immediate or short term results , typically within a year or less
What are the characteristics of short termism?
Emphasis on quick financial returns such as quarterly profits
May include strategies include cost - cutting , reducing R&D costs
Advantages of short termism?
Can boost immediate profitability and shareholder value
May be necessary in crisis situations or meeting urgent financial obligations
Disadvantages of short termism?
May lead to underinvestment in key areas like innovation and employee development
Can harm long term sustainability and competitiveness