Final answer:
Myopic behavior in business refers to prioritizing short-term benefits over long-term potential, often at the expense of future success. Examples include failing to promote deserving employees, cutting maintenance and development budgets, and buying lower-quality materials. All provided options demonstrate myopic behavior, so the answer is 'e. all of these'.
Step-by-step explanation:
Myopic behavior refers to making decisions that prioritize short-term gains or benefits at the expense of long-term potential. This often involves actions that may temporarily boost financials or meet certain targets, yet could lead to detrimental effects in the future. Examples of myopic behavior may include:
Failure to promote deserving employees, which may lead to a demotivated workforce and increased turnover.
Reducing expenditures on preventive maintenance, which can save costs in the short term but often results in more expensive repairs or breakdowns later.
Cutting back on new product development, potentially stifling innovation and growth opportunities.
Buying cheaper, lower-quality materials to stay within budget, potentially impacting product quality and customer satisfaction.
All of these actions fit the definition of myopic behavior, so the correct answer is e. all of these.