Long-term versus Short-term: Life or Death
Here’s another example of short-term savings causing long-term economic costs.
While this macro-level example may not be applied exactly to your company, the concept surely is.
Where are you cutting costs? How is that affecting your customers? How does it affect your suppliers and the lives of their workers? Are you saving money in the short-term in a way that will cause larger expenses in the long-term? Are you veering away from your values and core beliefs in order to look financially good to investors?