Examlex
Business ethics consist of the fundamental moral values and behavioral standards that form the foundation for the people of an organization as they make decisions and interact with stakeholders.
Time Inconsistency
The tendency of individuals to change their plans or preferences over time in ways that they themselves will later regard as being against their own interests.
Myopia
Short-sightedness, in a business context, refers to a focus on short-term results at the expense of long-term interests.
Conceptualizing The Future
The process of envisioning and planning for future trends, changes, and developments in an industry or society.
Myopia
Short-sightedness in planning and decision-making, where immediate benefits are prioritized over long-term gains.
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