Balancing shortterm goals with long-term innovation is a delicate act from "summary" of The Innovator's Dilemma by Clayton Christensen
In the fast-paced business world, companies are constantly faced with the challenge of balancing short-term goals with long-term innovation. This delicate act requires careful planning and strategic decision-making to ensure sustainable growth and success in the long run. Many companies tend to prioritize short-term goals such as meeting quarterly targets or maximizing profits in the current fiscal year. While these goals are important for immediate survival and profitability, they can sometimes hinder long-term innovation and growth. This focus on short-term results often leads companies to overlook disruptive technologies or emerging markets that could potentially revolutionize their industry. On the other hand, companies that prioritize long-term innovation over short-term goals risk falling behind competitors and losing market share. Investing heavily in research and development wit...
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