35. I agree with the speaker that decisions and actions of businesses are too often
infected by short sighted motives. Admittedly, attention to immediate results and
short-term goals may be critical, and healthy, for survival of a fledgling company.
However, for most established businesses, especially large corporations, failure to
adequately envision the long-term implications of their actions for themselves and for
others is all-too common and appropriately characterized as a disease.
The business world is replete with evidence that companies often fail to envision
the long-term implications of their actions for themselves. Businesses assume excessive
debt to keep up with booming business, ignoring the possibility of a future slowdown
and resulting forfeiture or bankruptcy. Software companies hastily develop new
products to cash in on this years fad, ignoring bugs and glitches in their programs that
ultimately drive customers away. And manufacturers of inherently dangerous products
cut safety corners to enhance short-term profits, failing to see the future implications:
class action liability suits, criminal sanctions, and shareholder revolts.
Similarly, businesses fail to see implications of their actions for others. Motivated
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