US Business

Apr 16, 2017 | 0 comments

Apr 16, 2017 | Miscellaneous | 0 comments

US Business

The US business has undergone dynamic changes over a long period of time. Hirschman (1977) illuminated the ideological transformations that took place in 17th and 18th centuries in America when American businessmen were in pursuit of material interests. Capitalism which characterized US businesses by then was condemned as a sin of the avarice and was compared to the destructive and unruly passions of man. The US business as Hirschman (1977) elaborated was more of social support for the economic individualism and it stemmed from the support of the predictable and rational interests. The pursuit of private gains among the US businesses saw the rise of capitalism in United States and Europe which later spread to other parts of the world

According to Silbiger (1993), US businesses have developed and become modern over a period of many years. This has led to advancement and incorporation of business as learning subjects in schools and to the institutions of higher learning with many people pursuing MBA courses to understand the dynamic nature of the American businesses. Most of the American corporate and multinational companies have departments or sections unlike individualism that was common in the 18th centuries. Pursuit of business studies in institutions of higher learning has become so serious with the development of different specialization areas such as the operations, finance, ethics, strategy, marketing and organizational behavior. Many business terms have been developed in businesses in addition to incorporation of technical areas such as economics, quantitative analysis and accounting (Silbiger, 1993).

With the complexities and problems that face the US businesses, Meadows & Wright (2008) pointed out that being wise and applying system thinking is the solution to managing the US businesses. The whole business world of United States is about systems with its Meta rules on how every component should come and play together. As Meadows & Wright (2008) asserted, grasping the whole US business universe is a monumental task, it is prudent to understand the concepts in the graspable units. For instance, the system of the stocks with outflows and in flows that affect its stability, are further affected by delays and feedback loops. Applying the system thinking, the managers or entrepreneurs in the US businesses can be guided better in their actions and decisions.

With the many challenges faced by the managers of the US companies either at work or in their personal lives, they need mechanism of facing the challenges in a positive manner. With the technological advancement and computerization of every aspect of the US business, challenges have been minimized in the US businesses. Many processes and work done in US businesses are done by a simple press of a button thereby making most entrepreneurs, mangers and key stakeholders lacking the reality and the contact with the physical world. The skills of system thinking proposed by Meadows & Wright (2008) allows them to have the system thinking skills that are helpful in solving may business problems in the United States. Some of the problems that have shaken the economy of United States and the rest of the world include the great depression, financial misappropriation, and environmental degradation. These problems occurred because of failure in the system somewhere that was not attended to on time. The system thinking allows the managers to detect any problem early and prevent destructive consequences that have not been detected early.

Initially, businesses in United States applied quality to have a competitive edge in the market over their competitors. Then followed quality of the services and products a business delivers to the consumers. Norman (2002) in his book explained that smart design of business or for their products and services is a powerful tool that US business applies to market their products and to outsmart their competitors in the market. This also explains why consumers will opt for products with smart designs in oligopolistic markets where companies produce similar products. Because US businesses are characterized with fierce competitions, many companies tend to provide more information why their products and services are the best. Therefore, packaging and smart designs that are appealing makes a difference and plays a big role especially to the software, architecture and consumable products. Norman (2002) provided a guidebook that can be used by US businesses in understanding the user-centric designs of their software, products and fixtures.

Businesses in United States improve daily, adopts different structures, change their services and improve in their use of technology just to be relevant in the market. Mergers and acquisitions, takeovers, board meetings, negotiations with governments and partners is the order of the day. Therefore, negotiations are important for the managers, shareholders, competitors and the representatives of the governments. Michael (2013) in his work condensed what other high profile negotiators have applied successfully in their negotiations, and proposes to US business managers and entrepreneurs. During negotiations business should explore, learn, adopt and influence but not be inflexible with their plans, and trap them when faced with uncertainties in finding amicable solutions.

 

References

Hirschman, A. O. (1977). The passions and the interests: Political arguments for capitalism before its triumph. Princeton, N.J: Princeton University Press.

Meadows, D. H., & Wright, D. (2008). Thinking in systems: A primer. White River Junction, Vt: Chelsea Green Pub.

Michael, W. (2013). The Art of Negotiation: How to Improvise Agreement in a Chaotic World. Cambridge, Mass: Belknap Press of Harvard University Press.

Norman, D. A. (2002). The Design of everyday things. New York: Basic Books.

Silbiger, S. (1993). The ten-day MBA. New York: W. Morrow.