Think Long-Term Always
Don't Be Enron!
Q: What Was Enron's Big Mistake?
A: They Thought In The Short-Term.
New Years Resolution Time. Instead of just one year time frame goals and dreams, how about considering some two, three or five year goals. Once completed and passed by the family, I will post my goals. Feel free to use the template in anyway. I will be writing on them in future posts.
Thinking in the long-term is always the best way to think. In the long term., what is in the best interest of self, family, business, community? This breeds commitment to a vision, ethical standards are in high regard. When we think in the short-term, immediate gratification, poor decisions ensue. Enron would never have gone the way it did if it had the long-term view in the minds of its leaders. Once they made short term decision their main standard…the results were disastrous for employees and shareholders. The stock market is so short-term that no one in leadership can think long-term…this is a grievious error…everything is about how the stock is doing today. No one is thinking about tomorrow when it comes to the stock market. Use the market as an example of how NOT to be.
Think differently…think long-term in all decisions of life. How are you thinking long-term? What are the three to five year goal(s) you are going to commit to?
A: They Thought In The Short-Term.
New Years Resolution Time. Instead of just one year time frame goals and dreams, how about considering some two, three or five year goals. Once completed and passed by the family, I will post my goals. Feel free to use the template in anyway. I will be writing on them in future posts.
Thinking in the long-term is always the best way to think. In the long term., what is in the best interest of self, family, business, community? This breeds commitment to a vision, ethical standards are in high regard. When we think in the short-term, immediate gratification, poor decisions ensue. Enron would never have gone the way it did if it had the long-term view in the minds of its leaders. Once they made short term decision their main standard…the results were disastrous for employees and shareholders. The stock market is so short-term that no one in leadership can think long-term…this is a grievious error…everything is about how the stock is doing today. No one is thinking about tomorrow when it comes to the stock market. Use the market as an example of how NOT to be.
Think differently…think long-term in all decisions of life. How are you thinking long-term? What are the three to five year goal(s) you are going to commit to?
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