Forum question
This is a forum question between students that needs a reply to with at least 180 words. I would like for you to use your own words. If not please cite-in-text with reference
Class, Thanks for the good points concerning life cycle. Sometimes a company can counter a shrinking market with new features or ideas. Please consider the role of innovation. Large corporations often establish a Research and Development (R&D) department to address products in decline and design new products to replace aging ones. One that comes to mind is the Lockheed-Martin “Skunk Works,” that focuses on new technology especially for the military.
Can you think of companies that do a good job of R&D?