Outside CEO Reduce Business Innovation

A recent study shows companies that hire an outside CEO rather than promoting from within can drastically harm the business if R&D is a cornerstone of company growth and innovation.

Investigation of R&D investment suggest funding and focus have decreased up to 65% over the past 40 years.

Outside CEOs often reduce R&D spending because they see the cost as an expense, and see the short term financial savings. Versus CEOs promoted from within consider R&D an investment.

The Real Reasons Companies Are So Focused on the Short Term

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