The Relation of Technological Cooperation As A Strategy For Vehicle Parts Industry
The economy globalization process and the reduction of the products lifetime cycle, has led companies to invest in the development of the new technologies for the modernization of their plants. The competition for new technologies may have irrecoverable costs. Investing in modernization employing wrong strategies will result in the lack of competitiveness. Investing in technology to lower the costs means bigger investments and higher risks! This paradox requires strategic solutions, different from the option of investing in R&D. Click here to read more…
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