What Challenges Do Leaders Face in Adopting a Long-Term Perspective?
While the benefits of a long-term perspective are clear, leaders often face significant challenges in adopting this approach:
1. Pressure for Short-Term Results: Shareholders and investors often prioritize short-term financial performance, which can conflict with long-term goals. 2. Market Volatility: Unpredictable market conditions can make it difficult to plan for the future. 3. Technological Disruptions: Rapid technological advancements can disrupt long-term plans and require continual adaptation. 4. Cultural Resistance: Organizational culture focused on immediate results can resist the shift to a long-term perspective.