Question

Management myopia occurs when managers:

A. lack motivation to reach their performance targets and in turn find it difficult to motivate subordinates.

B. limit their focus to short-term profits at the expense of longer-term strategic obligations.

C. find themselves unable to rise beyond a certain level in the organizational hierarchy.

D. are promoted beyond their level of competence.

E. find it hard to progress within an organization due to corporate downsizing or paring of middle management layers.

Answer 1

Management myopia occurs when managers limit their focus to short-term profits at the expense of longer-term strategic obligations (B).

Step-by-step explanation:

Management myopia occurs when managers prioritize short-term gains over long-term strategic goals, disregarding the broader implications and responsibilities of their decisions. This myopic focus on immediate profits can lead to neglecting crucial aspects like innovation, sustainable growth, and the development of a resilient organizational framework. By fixating on short-term gains, managers may fail to invest in research, development, or employee training, ultimately harming the company's long-term viability.

This mindset often results in missed opportunities, stifled innovation, and a vulnerability to market shifts or disruptions. Companies affected by management myopia struggle to adapt, innovate, or evolve strategically because their leadership is entrenched in short-term thinking.

Correct answer: B. limit their focus to short-term profits at the expense of longer-term strategic obligations.