1. American companies take too much interest in mergers and acquisitions. It is just a money game and nothing productive can come out of it. Tell me 1 successful merger and I’ll show you 100 failed mergers, AOL Time Warner anyone?
2. American companies pay too much for management. Many company’s top management take as much as half of the company’s profits! This has hurt many companies and driven them to bankrupcy.
3. Reliance on innovation. American companies like to be creative and innovative. This is a good thing. But too often these companies focus only on innovating but not perfecting what they already producing. This has made many American companies to lose ground to Japanese companies.
As a business owner, I am very much qualified to respond to this blog, hopefully enlightening you in the process.
I merged my company informally with a local operation, they were outsourcing one of their processes, I turned that rather costly and time consuming element and turned it into a 3 hour job at a fraction of the original expense. I’m currently finishing up their web site with a full blown e-commerce platform as well as built in redudant carts to use as back up’s if/when necessary, again, I’m doing this in house and at a fraction of the original costs. Thursday I reformatted one of their workstations, it’s now slated to have the entire network’s systems re-done in this matter, as opposed to having them buying all new computers, again, doing this at a fraction of what it would cost to outsource this process.
Then onto the basic business function, ie. we are manufacturers, I now have vastly improved facilities, equipment and staff to support what I do, they in turn have an efficiency expert that can roll up their sleeves and fill in on any position in the entire company.
What myself and my partner are doing is taking back manufacturing from the third world as well as more developed ones including Japan and China. The difference between how we run a business in America compared to especially asain countries is the fact, we do not consider our employees comodities, we do not work people into such a state of exaustion that their quality and longevity of life is diminished unlike how asain workers are expected of.
With the current economic climate, we have had to make some innovations to accomodate it, this is called evolution, for if you do not evolve, you go extinct, why polish a piece of crap when it should be tossed away, it costs money to waste company time working with something that is clearly inadequet. One of these innovations are what we have established from day one, it is about quality, it is about buying something once and having it last for the entire duration of it’s need, unlike this cheap crap they keep unloading onto the consumer which fail, and in many cases, to the detrement of the loss of human life, and worse, takes up resources we need to use directly, causing what ever so called cheaper initial expenses to become a mute issue.
So, I’ll leave this little rant with one final point. We world wide are at the mercy of the oil companies, nobody has found a working solution, I see no Japanese cars running on efficient cost effective alternatives on the roads I travel. The final solution is close at hand and I go to all of the still American owned transportation manufactures with the patent after I file for it, making them sign a contract that this new form of alternative power system reaches the market to be an initial and long term cost effective, approachable by the average consumer and will show yet again, we as Americans are the leaders of innovation the likes of which the world has never known. A side benifet of this, since oil will no longer be in such demand, I will laugh all the way to the bank as I watch them go belly up. :)
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Input has been good topic. But I think a little more detail will add harmony to the subject. :)))