What Do Iran, Venezuela, High-Tech, and Your Business Have in Common?
*— Opinion —*
Iran has been patiently building its ring of fire and military capabilities around Israel for decades.
The rocket stockpiles held by Hezbollah, Iran, and its regional proxies are enormous — designed to sustain continuous fire for many long months.
But Iran made a mistake. It built its power around a single weapon system almost exclusively — rockets — and last night it became clear that this was a losing bet.
It turns out that every problem has a solution, and with the operational debut of the laser interception system, combined with existing interceptors, those seemingly infinite missile stockpiles are proving to be little more than a useless pile of scrap.
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We know Venezuela as a failed state ravaged by hyperinflation.
What drove it there was an addiction to oil revenues — revenues that flooded the country with cash when oil prices were high, but left it stranded when prices collapsed.
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The Israeli economy also suffers from a certain addiction to high-tech revenues. The recent difficulties in the sector are weighing on state income, though the economy remains diversified enough to absorb the blow.
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In truth, the phenomenon is the same in every situation where excessive reliance is placed on a single foundation.
In business as well, it is worth remembering that market conditions are constantly shifting. If we are professionals in only one narrow field, or operate within a very limited domain, we face a particularly high risk of finding ourselves without income.
We must maintain as broad a diversification as possible — both in our personal skills as professionals, and in the business activities we rely on to generate revenue.
*Pictured: The Or ("Light") Defense System. Credit: Israeli Ministry of Defense Spokesperson*