Part 1 of 4: The Everyday Business Metrics that Crush Innovation
2024-10-31
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This article discusses how certain business metrics, essential for measuring short-term success, often stifle long-term innovation. It highlights the ‘profitability trap’ where a focus on immediate financial returns suppresses transformative ideas. Using examples like Kodak and Blockbuster, it illustrates how an overemphasis on short-term profits can miss opportunities for disruptive innovation. The piece argues for a balanced approach that integrates innovation into financial performance metrics, encouraging companies to redefine profitability to include both current returns and future growth through innovation.
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