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System thinking can help in avoiding short-sighted decisions by providing a holistic view of the situation. It allows us to understand the interconnections and interdependencies within a system, which can lead to better decision-making. By considering the impacts of our decisions on all parts of the system, we can avoid unintended consequences and make decisions that are beneficial in the long term.
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Stocks are the "foundation" of a system and are the element that you can see, feel, count, or measure. A feedback loop is formed when changes in stock affect the flows into or out of that same stock. A prime example of this concept is interest as it relates to the amount of money in a bank account. Likewise, if you see less money in your account, you might react and take more work and thus the cycle continues.
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How do you avoid wasted time, money, and resources from short-sighted decisions? When you think in systems, you can learn to recognize the relationshi...
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