Good decisions can have bad short-term outcomes but be great for the business long-term.
Sentiment: NEGATIVE
It's easy to make good decisions when there are no bad options.
In business, if you realize you've made a bad decision, you change it.
If a decision-making process is flawed and dysfunctional, decisions will go awry.
In many spheres of human endeavor, from science to business to education to economic policy, good decisions depend on good measurement.
Positive defaults align our short-term decisions with our long-term interests. And we don't always do that.
The right actions undertaken for the right reasons generally lead to good outcomes over time.
Business ends up being very dynamic and situational.
My own view is that every company requires a long-term view.
The dominance of short-term perspectives has led to routine decisions in the markets that sacrifice the long-term buildup of genuine value in pursuit of artificial, short-term gains.
One has to live with the fact that some corporate decisions are going to be wrong. As long as most of the decisions are right.
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