1. Research And Development
... methods. Unlike inventions, innovations, such as cannot be patented. Nevertheless, innovation is a major factor in competition since it sometimes enables a firm to "leapfrog" competitors by making their products or processes obsolete. For example, personal computers coupled with software for word processing unceremoniously pushed some typewriter manufacturers into relative obscurity. But innovation need not ... directly to the Internet. Forbes magazine reports that among the top-50 wealthiest Americans are several people associated with the personal computer business: Gates ($40 billion)...
- Word Count: 5057
- Approx Pages: 20
- Has Bibliography
- Grade Level: Undergraduate