What does 'myopic management' focus on?

Myopic management primarily focuses on short-term goals that can lead to the neglect of long-term strategies. This approach often prioritizes immediate results, which can result in decisions that may not be sustainable or beneficial for the organization in the long run. Such management may achieve quick wins, but it risks compromising future growth and profitability by failing to invest in long-term initiatives.

The focus on short-term objectives can lead to a lack of comprehensive planning, where management overlooks the need for a strategic vision that incorporates both immediate needs and future goals. This narrow perspective can often undermine future benefits, as resources are diverted towards immediate gratification rather than building a foundation for sustained organizational success.