"In such a volatile climate, change became one of the few constants upon which businessmen could rely. Economic survival often depended upon innovative resiliency; firms with higher unit costs and prices had to either be- come more efficient or drop out of the race. Instability and turnover were continuing threats with which firms had to contend. The severity of the competitive struggle was best reflected in the automobile industry: of the 181 firms manufacturing cars at some time during the years 1903 to 1926, 83 remained in business as of 1922, while 20 managed to survive through 1938."
React to this quote
More by Butler D. Shaffer
See allResonant Thoughts
"To discriminate against a thoroughly upright citizen because he belongs to some particular church, or because, like Abraham Lincoln, he has not avowed his allegiance to any church, is an outrage again…"
Explore Further
Related Quotes
"In prosperous times the mercantile classes often realize fortunes, which go far towards securing them again…"
— Thomas Robert Malthus"When a scene is being shot, it is very difficult to know what one wants it to say, and even if one does kno…"
— Michelangelo Antonioni"It was once said by Abraham Lincoln that this Republic could not long endure half slave and half free; and …"
— Frederick Douglass"Thank God for the French army." When we read about Germany, when we watch with surprise and distress the tu…"
— Winston Churchill"There were many reasons why we did not gain complete success at Arnhem. The following in my view were the m…"
— Bernard Montgomery"Symbolic castration - the final moment of analysis is reached when the subject is ready to accept this fund…"
— Slavoj Žižek
