1. Lack of constancy of purpose - No planning for the future - Lack of long-term definition of goals 1. Emphasis on short-term thinking - Sacrificing long-term growth - Worship of the quarterly goals and profits - Unemployment is a sign of poor management 1. Annual performance ratings - Demoralizes employees due to arbitrary and unjust distribution - Nourishes short-term thinking - Creates fear and annihilates teamwork 1. Mobility of management - No roots in the company means no understanding of its problems and no knowledge of its workings 2. Use of visible figures only - Not taking into account the impact of happy and unhappy customers - No use of figures unknown and unknowable - Applying standard MBA behaviors Source: [You Tube](https://youtu.be/ehMAwIHGN0Y?feature=shared)