Summary of 3 Ways to Plan for the (Very) Long Term

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Rating

7 Overall

8 Applicability

6 Innovation

6 Style


Recommendation

It’s a “hyper-reactive” world in which the focus is always on the problem du jour. Instead of putting out today’s fires, think about what will consume humankind years or even generations from now. Abandon “short-termism” in favor of “longpath” thinking, recommends futurist Ari Wallach, to accomplish more than you ever thought possible. getAbstract applauds Wallach’s well-considered approach toward shaping a viable future for subsequent generations.

In this summary, you will learn

  • What negative effects are associated with “short-termism,”
  • How a “longpath” approach can help you plan for a better future, and
  • What three practices foster a futurist mind-set.
 

About the Speaker

Ari Wallach is the founder and CEO of Synthesis Corp and an adjunct associate professor at Columbia University.

 

Summary

When planning for the future, people seldom think beyond a time horizon of six months. This “short-termism” is the wrong mental model for solving the world’s big problems, yet it dominates the collective mind-set, often with harmful consequences. For instance, it inhibits CEOs from purchasing costly safety equipment, as happened with the Deepwater Horizon crisis; it keeps teachers from dedicating “quality one-on-one time” to students, so every 26 seconds another teen drops out of school; and it hinders US Congress from passing an infrastructure bill, despite the deaths of 13 people in a bridge collapse in Mississippi.


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