A tendency to concentrate on the short term for making immediate results. In corporate sector, managers and executives are conventionally tasked with generating the highest returns in the shortest period of time. An underlying assumption is that the market itself will dictate efficient actions and moves that will best serve the broader sector and economy.
In conventional finance and investment, the focus has been laid on short-term outcomes that satisfy owners (such as, shareholders), even if at the expense of the broader set of stakeholders. Such a myopic or narrow vision leads to allocation of capital and resources to short-term projects and activities for immediate profits at the expense of long-term benefits such as system stability, security, inclusiveness, equality, etc.
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