Businesses in every industry pursue broadly the same goals. They try to increase profits by producing and selling more with less. They invent solutions that use fewer raw materials, that mechanize manual tasks, and that shorten time to market. And what they don’t specialize in producing they purchase from others.
Oil and natural gas companies improve extraction, refining, and transportation technologies; car manufacturers develop more efficient engines; window and appliance companies strive to make their products more attractive and energy-saving—all while using cost-effective raw materials and labor-reducing manufacturing methods.
Think Right or Wrong, Not Left or Right 