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Short Term vs Long Term Goals

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Short Term vs Long Term Goals

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Former US vice-president Al Gore has hit out at company bosses and fund managers for damaging the environment by focusing on short-term goals. Speaking at the National Association of Pensions Funds' annual investment conference in Edinburgh, Gore warned that companies' obsession with meeting short-term profit targets rather than taking a longer term view, was hampering work to combat climate change.

Goals
Goal-setting ideally involves establishing specific, measurable, attainable, realistic and time-targeted objectives. Work on the goal-setting theorysuggests that it can serve as an effective tool for making progress by ensuring that participants have a clear awareness of what they must do to achieve or help achieve an objective. On a personal level, the process of setting goals allows people to specify and then work towards their own objectives — most commonly financial or career-based goals. Goal-setting comprises a major component of Personal development.

Short Term Goals
Short-term goals expect accomplishment in a short period of time, such as trying to get a bill paid in the next few days. The definition of a short-term goal need not relate to any specific length of time. In other words, one may achieve (or fail to achieve) a short-term goal in a day, week, month, year, etc Long-term goals are ones that you will achieve over a longer period of time Long-term goals often are our most meaningful and important goals. One problem, however, is that the achievement of these goals is usually far in the future. As a result, we often have trouble staying focused and maintaining a positive attitude toward reaching these goals. “If one of your long-term goals is to get an electrical engineering degree in five years, you can set up enabling goals for each semester or quarter of college that supports this long-term goal. These goals could include attending classes, participating in professional development and internship opportunities at your school, maintaining...