16.How does short-term focus impact innovation efforts? A. It encourages long-term strategic planning B. It inhibits investments in research and development C. It fosters a culture of risk-taking D. It promotes collaboration across departments
Question
16.How does short-term focus impact innovation efforts? A. It encourages long-term strategic planning B. It inhibits investments in research and development C. It fosters a culture of risk-taking D. It promotes collaboration across departments
Solution
B. It inhibits investments in research and development
A short-term focus can impact innovation efforts negatively as it often prioritizes immediate results over long-term growth and development. This can inhibit investments in research and development, which are crucial for innovation, as these activities often require significant time and resources before they yield results. Therefore, a short-term focus can discourage companies from investing in these areas, thereby hindering innovation.
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