Frontier Firms' Secret Sauce - Investing in Intangibles
Highly productive companies are often referred to as ‘frontier firms’ and set themselves apart from their competitors by not only investing in cutting-edge technology but also by placing strategic bets on complementary intangibles like research and development, intellectual property, and the capabilities of their workforce.
Studies indicate that frontier firms allocate as much as 3x the amount of resources to intangibles compared to their lesser-performing counterparts because they recognize that the multifaceted nature of exemplary productivity extends beyond technological advancements alone.
By having such a long-term perspective and coupling it with a clear vision these companies understand that the returns on their investments are often incremental, but over time, they compound rapidly, leading to the generation of significant long-term value. This ethos not only drives their own business, but has the knock-on effect that each partnership they enter, or customer they work with, also benefits.
By embracing a patient and forward-looking strategy, market leader in the plastic injection molding field ADIS Tachov s.r.o. is positioned not only to weather short-term challenges but also to thrive in the dynamic and evolving business landscape, reaping the rewards of their strategic investments in the form of sustained productivity gains and in-turn extrapolating their frontier firm status.
Learn more about what sets us apart, their ethos, approach and services offered by getting in touch today.