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Consider this situation: Joseph had an idea that he could speed up a floor buffing machine by putting a different motor on it. After about 25 tries he was able to make a buffer run much faster with a new motor and started his own company. Other companies began making competing products that were similar to Josephâ€TMs design, but they were unable to improve their designs as fast as Joseph. Why might this be the case?

Operation Management, Management Studies

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