Just reading the book The Idea Factory, it was incredible amount of innovation. Lasers, early satellites, transistors.
And it was all done, apparently, at least in the beginning, because they hired smart people and they let them do what they wanted.
And it was all done, apparently, at least in the beginning, because they hired smart people and they let them do what they wanted.
Monopoly may have helped them pay for such r&d, but vertical integration is what made it possible for so much r&d to be relevant to the business.