Monday, November 15, 2010

HW7

          Chasing the future is what I chose for spoil sports of prediction game. The main truth is that in the business decision we suually focus and aim at the short term payback but of course there is a long term planning which targets various horizons with minimum aim of 3 years. Even when we shirf our mind towards the political decisions, then we see that they too focus on short term plans and the reason I would give in support of this statement who say that democracy is the worst form of government except the one’s who had been tried.

           But I would consider this as a biggest mistake of looking too far ahead of what we are today and destiny could be captured only one step at a time. Just even ordinary kind of people also look at short term plans as the animals themselves teach us the short term planning behavior. The only benefit I see in long term planning is that the further we go in predicting about our future the less likely we are right and thus, there is a higher risk that the effort spent preparing will end up wasted. But one thing needs to be kept in mind that just blindly focussing on just the near term would be just a too narrow vision, the risk I see in this term is that it’s a kind of risk in terms of failing to prepare as the future is approaching.

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