While myopic management can lead to immediate gains, it poses several long-term risks:
Stifled Innovation: By focusing on short-term outcomes, companies might underinvest in research and development, ultimately falling behind competitors. Employee Morale: Short-term pressures can lead to a stressful work environment, reducing employee retention and morale. Reputation Damage: Short-term decisions can sometimes lead to ethical compromises or quality issues, damaging the company's brand and customer trust.