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Battery maker Duracell introduced a new product called the Duracell Powermat, which is a wireless charging pad for mobile devices. Because of the perceived fit with its other products, this new product was received well by consumers despite being in a different product category. This innovation strategy is known as a
Short-Term Focus
An approach or strategy emphasizing immediate outcomes or benefits, often at the expense of long-term objectives.
Compensation Plans
Schemes or programs implemented by businesses to remunerate, incentivize, and reward their employees for their performance and contribution to the organization.
Shareholders' Incentives
Motivations or benefits, such as dividends or stock price appreciation, that encourage individuals or entities to invest in a company's shares.
Long-Term Business Goals
Strategic objectives a business intends to achieve over a long period, which guide decision-making and operations.
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