You're at a crossroads in R&D strategy. How do you balance future innovation with current profits?
In R&D, aligning future-focused innovation with today's profits can be tricky. Consider these strategies:
How do you strike a balance in your R&D efforts? Feel free to share your strategies.
You're at a crossroads in R&D strategy. How do you balance future innovation with current profits?
In R&D, aligning future-focused innovation with today's profits can be tricky. Consider these strategies:
How do you strike a balance in your R&D efforts? Feel free to share your strategies.
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When balancing future innovation with current profits in R&D, it's critical to redefine how you measure success. Instead of relying solely on short-term ROI, introduce KPIs tailored to innovation. Track how new technologies align with long-term goals, and measure learning experiments, third-party engagements, and proof of concept validations. This approach ensures you're not just chasing quick wins but fostering sustainable growth. By customizing your metrics, you can evaluate both immediate returns and the future potential of disruptive technologies, ensuring you're prepared for both present needs and tomorrow's opportunities.
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