Promotion of people with short-term, action bias
People promoted to run top companies are typically selected for the ability to deliver immediate targets; this focus often makes them poorly equipped to take the more distanced, historical perspective necessary to spot the long-term trouble brewing.
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The Global Financial Crisis »The Global Financial Crisis
Long-term causes of the financial crisis? »Long-term causes of the financial crisis?
Human cognitive biases »Human cognitive biases
Forms of human cognitive bias? »Forms of human cognitive bias?
Promotion of people with short-term, action bias
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