“You just pick up a chord, go twang, and you’ve got music.” Who said it?
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Business is cyclical. Innovation changes environments and, unintentionally, destroys profitable status quos. When that happens stronger and more innovative firms pounce to buy up the assets of weaker firms and maintain their competitive advantage. Customers and society win as inefficient products are removed from the market and the base standard rises. There are losers, of […]