The CEO's decision to downsize the workforce was considered myopic because it sacrificed long-term stability to accommodate short-term gains. Select the most appropriate option that can replace the word “myopic” without changing the meaning of the sentence.
Understanding 'Myopic' in Business Context
The question asks us to find a suitable replacement for the word 'myopic' in the given sentence without altering its meaning. The sentence is: "The CEO's decision to downsize the workforce was considered myopic because it sacrificed long-term stability to accommodate short-term gains."
Let's break down the meaning:
- Myopic: This word means lacking foresight or long-term perspective. It describes someone or something that is shortsighted and focuses only on immediate results, often ignoring future consequences.
- Contextual Clue: The phrase "sacrificed long-term stability to accommodate short-term gains" directly explains why the decision was 'myopic'. It highlights a failure to consider the future in favor of immediate benefits.
Analyzing Replacement Options
We need to find an option that best captures the meaning of 'myopic' as described above.
Option 1: visionary
A 'visionary' person or decision looks far into the future and has clear ideas about what should happen. This is the opposite of 'myopic'. Therefore, it is not a suitable replacement.
Option 2: shortsighted
The word 'shortsighted' means having or showing a lack of foresight or consideration for the future. This aligns perfectly with the meaning of 'myopic' and the context provided in the sentence (sacrificing long-term stability for short-term gains). This is the most appropriate replacement.
Option 3: progressive
'Progressive' means favoring or implementing modern ideas or policies; advancing or developing. While a decision might be progressive, it doesn't specifically imply a lack of foresight in the way 'myopic' does. It's not the best fit here.
Option 4: innovative
'Innovative' means featuring new methods; advanced and original. Similar to 'progressive', innovation doesn't necessarily mean being shortsighted. A decision can be both innovative and forward-thinking.
Conclusion on Replacement
Based on the analysis, the word 'shortsighted' is the most appropriate synonym for 'myopic' in the context of the sentence, as it accurately reflects the idea of prioritizing immediate benefits over future stability.
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