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Are You Playing The Innovation Long Game? An HP Story.
It’s a question that all businesses must ask themselves at some point: are we playing the innovation long game or have we settled for the quarterly short-term metric of innovation success?
What does it take to stay engaged in an era when trend shifts happen with dizzying speed, and new technologies can quickly render yesterday’s innovative solutions obsolete?
For starters, it takes a commitment to long-term thinking. That means looking beyond the next product launch or market pivot and instead focusing on investing in innovation that will support your business for years to come.
It also requires a willingness to experiment and take risks.
Time Frame For Innovation
Playing The Short Game
The time frame for playing the short game for innovation is typically quarterly, where businesses are focused on making quick decisions that will affect their numbers in the short term.
Playing the short game for innovation often results in disappointing numbers. When businesses focus on one-time goals and quick decisions to benefit their immediate need, they end up hurting their overall growth prospects.
