Short-termism is giving priority to immediate profit, quickly executed projects and short-term results, over long term results and far-seeing action.
Short-termism is attributed to certain
cognitive bias
A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. Individuals create their own "subjective reality" from their perception of the input. An individual's construction of reality, not the objective input, m ...
es.
See also
*
Hyperbolic discounting
References
Business terms
Rhetoric
{{business-term-stub