Bias Quote by Tom Graves
“Whilst large organisations need foresight, they are also notorious in their bias for short term thinking, sometimes rejecting or even suppressing foresight.”
About This Quote
Source Interview: Discussing Corporate Foresight, Tom Graves, 2021
Large firms often prioritize immediate results, suppressing long‑term planning despite its importance.
In simple terms: Corporations favor short‑term gains over future planning.
Key Takeaway
Promote and protect long‑term vision.
Themes
short‑term bias
foresight
corporate culture
strategy
Mood
reflective
strategic
concerned
Type
business
psychological
When to use this quote
- business leadership
- investment decisions
- innovation pipelines
- risk management
Key Concepts
behavioral economics
strategic planning
organizational inertia
Questions to Reflect On
- How can firms incentivize long‑term thinking?
- What structures reduce short‑term bias?
A Different Perspective
Short‑term pressures can be financially compelling, making foresight costly.
