Vijay Govindarajan, Ashish Sood, Anup Srivastava, Luminita Enache, and Barry Mishra have found that companies must focus relentlessly on building long-term competencies, even if doing so reduces immediate profits. Nonetheless, it is vital to shift focus when your product or idea becomes unexpectedly successful, so that you can milk that opportunity’s profits before it vanishes in the face of competition and technological progress.
Authors: Anup Srivastava, Ashish Sood, Barry Mishra, Luminita Enache, Vijay Govindarajan
Source: “Management and Business Review (MBR)”
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