Summary
Technological advances and company laboratories
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Extract
Innovation LABS.
Corporate labs yield breakthroughs now that the start-up world is starved for capital.
If the technology industry caused the world's greatest wealth creation, then soon after it also caused the greatest wealth destruction. But even amid this bitter climate and dour market, rapid innovations in technology are continuing apace. New markets are being born and new efficiencies are being created, even as technology companies go bankrupt at alarming rates. Smart companies have learned their lessons well. Previously, any company late to the Internet, to mobile communications, or even to the simple desktop computer paid a high price. Not only did the end business get sideswiped but a company's internal efficiency was often severely outmatched. Think about the advantages of a company with computers up and running over competitors without them. Or recall...See the full content of this document
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