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.
