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by polymatter
5209 days ago
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The problem is innovation is measured as number of patents filed. Investors who want more innovation, judge how innovative a company is by number of patents. More patents -> more innovative. And so that's what managers optimize for. The program is that is a ridiculously crude measure. Like measuring programmer output by lines of code, this idea that measuring innovation at such a micro level even makes sense, needs to die. |
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