Showing posts from January, 2022

The Tragedy of Vision.

  Shortsightedness has always been a challenge for many business leaders. The  'Tragedy of the Commons'  in economics explains how individuals neglect the well-being of society in pursuit of their gain. It leads to over-consumption, untimely depletion of shared resources. Mark Carney, Governor of the Bank of England, coined a similar concept or an extension of the above-said idea through the  'Tragedy of Horizon'.  He says the current generation is least bothered about fixing a future problem. Again, the allusion is towards  'myopia'  that keeps human beings from doing their bit to fight climate change. But the farsighted understand and anticipate broader global impacts on property, migration, political stability, food and water security etc. In a world of uncertainty that the pandemic has left behind, most of us are groping in the dark for the right approach to take us ahead in these most challenging times. The millennials and Gen Z customers are increasingly b