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Coffee Shop
Do you think things will change between the world and China?
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<blockquote data-quote="HDRider" data-source="post: 1628328" data-attributes="member: 17025"><p>In the 1970s, businesses turned their eyes from innovation to efficiency. As the post-war boom came to an end and American firms faced increased foreign competition (particularly from Japan), they resorted to cost-cutting and financial engineering in order to stay competitive. Though innovation and efficiency are not mutually exclusive, research and development — especially breakthrough, early-stage research — decreases profit margins in the short term. Firms accordingly deemphasized new product development in favor of streamlining existing businesses.</p><p></p><p></p><p>http://www2.itif.org/2018-us-business-rd.pdf</p></blockquote><p></p>
[QUOTE="HDRider, post: 1628328, member: 17025"] In the 1970s, businesses turned their eyes from innovation to efficiency. As the post-war boom came to an end and American firms faced increased foreign competition (particularly from Japan), they resorted to cost-cutting and financial engineering in order to stay competitive. Though innovation and efficiency are not mutually exclusive, research and development — especially breakthrough, early-stage research — decreases profit margins in the short term. Firms accordingly deemphasized new product development in favor of streamlining existing businesses. http://www2.itif.org/2018-us-business-rd.pdf [/QUOTE]
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Do you think things will change between the world and China?
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