short sighted decision making

How Can Leaders Avoid Short-Sighted Decisions?

1. Long-Term Vision: Develop and communicate a clear long-term vision that aligns with the company’s goals and values.
2. Balanced Scorecard: Utilize a balanced scorecard approach to measure performance across multiple dimensions, including financial, customer, internal processes, and learning and growth.
3. Stakeholder Engagement: Involve a diverse group of stakeholders in the decision-making process to ensure a comprehensive perspective.
4. Continuous Learning: Foster a culture of continuous learning and adapt to changing environments and emerging trends.
5. Ethical Leadership: Uphold ethical standards and ensure that decisions are made with integrity and transparency.

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