There are breakthroughs in technology. Ignoring them can lead to big failures.

There are breakthroughs in technology. Ignoring them can lead to big failures. Using current technology, you start producing things, and in order to beat the competition, you build large-scale production facilities and sell them at a cheaper price. Naturally, you will make a profit at first. But after a while, when something completely new is developed, the equipment and the product will no longer be needed, which will cause big losses. Managers should keep this in mind.

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