2min chapter

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#270: Vannevar Bush (Pieces of the Action)

Founders

CHAPTER

Innovation Is Pronounced in Maturing Industries

In an industry that has become closely standardized, where nearly all competing companies are comfortably making profits, minor improvements can readily be introduced. But major improvements are up against a stone wall. The prosperous company sees no need to change. The borderline company cannot afford the cost. And so then Bush continues this point that this trend is pronounced in maturing industries.

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