A potential near-term impact of this short-term management approach,referred to as "short-termism",is:
A) Hiring is viewed as a potentially profit-reducing expense
B) Organizations tend to increase their emphasis on talent management strategies
C) Planning focuses on strategic plans
D) A focus on leadership and development
E) A focus on long-term strategic and operational health

Question

Quizplus · Accepted Answer

Short-termism often leads to a focus on immediate profits and cost-cutting measures, which can lead to a reluctance to hire new employees or invest in talent development. Hiring may be seen as an additional expense that reduces profits, leading to a preference for temporary or seasonal workers instead of full-time hires.

Answer: E 
 Short-termism can detract from long-term strategic and operational planning, as the focus is on immediate profits and cost-cutting. Organizations that adopt a short-term approach may not prioritize investments in research and innovation that would position them for long-term success. Instead, investments may focus on maximizing current profits, which can result in neglecting the long-term health of the organization.

A Potential Near-Term Impact of This Short-Term Management Approach,referred to as "Short-Termism",is