Consideration of Future Consequences among managers in Iran and Malaysia

•This study examines how managers consider the consequences of their actions.•Data is collected in Malaysia and Iran.•Malaysians have a higher CFC compared to Iranians.•Malaysians view consequences as immediate, intermediate, and future.•Iranians look at immediate and future consequences. Consideration of Future Consequences (CFC) is an individual differences variable that reflects how individuals view the future. CFC takes into account the intrapersonal struggle between an individual's present behaviour and the immediate and future outcomes. The main aim of this study is to examine how managers consider the consequences of their actions in two developing countries, i.e. Malaysia and Iran. Empirical data were collected via a survey questionnaire distributed to managers working in private companies in both countries. The datasets illustrates that Malaysians have a higher CFC compared to Iranians. In addition, it is also shown that Malaysians tend to view consequences from three perspectives, i.e. immediate, intermediate, and future consequences, while the Iranians look at immediate and future consequences.