Spoiled by Mr. Russell Chapter 201

“No company can last long if it has no innovation. It’s also a problem I’ve been thinking about recently. I plan to make the changes before the nurket demand forces us.” Nathaniel tapped his finger on the table and looked at everyone present.

“It may seem like we’re on the losing and since our c0111petitors know our formulas, but don’t forget these old products have been around for a while. Even if we didn’t publicize it, some interested rival companies might have already developed it.

“That is to say, ‘ven if our old products still sell well now, they will soon lose their competitiveness. We should aim toward developing new products instead of how to protect the older ones. That should be our focus to ensure our sustainability.” Nathaniel stood up and pressed down on the table with both hands.

His points were sound and reasonable as he came fully prepared. The board of directors was initially skeptical, but his words were reasonable and made them contemplate further.

“You might be correct, but where is our new product? According to the quarterly report, we haven’t produced new products for the past half year. The previous new product award had resulted in a lawsuit and many other problems. If I’m not mistaken, we had another crisis last month, correct?” Another person asked.

“That’s right. We don’t believe in empty words. As shareholders, we need to see the actual benefit. You need to develop something that can reassure us, Mr. Hall!” When someone raised a concern, the others followed suit.