bertsmobile1
Lawn Royalty
- Joined
- Nov 29, 2014
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ExactlyInnovation in terms of better products dies because there is no competitive pressure to improve. What innovation remains is focused on reducing costs to improve margins.
And people outside the particular industry have no idea how astronomical the costs of R & D can be
A lot more profitable not to do any then use that money to buy other peoples profits .
And that is what they teach MBA's to do , seek out innovative or improved then buy out the company and close it down.
At the very best you might use some of their IP, MTD's adoption of the Cub Cadet deck mounting is a prime example