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Recommends a manufacturing strategy that develops production facilities, uses appropriate management systems, and establishes firm relationships with suppliers.
If America were a corporation, how would an independent analyst judge its ability to compete against other corporate giants? According to the author, that hypothetical analyst would label America a corporate dinosaur and recommend that the nation either change or face extinction. This book focuses on how to improve America by first comparing its performance with thirteen competitive industrial nations, then identifying the best practices found throughout the world that can be adopted here in the United States. The author lays out some disturbing facts about America’s lack of competitiveness in five key areas: health, education, safety, equality, and even democracy. Taking the approach that "data doesn’t lie," the author notes alarming statistics, for example: -Americans have the lowest life expectancy among all competitor nations. -Americans are at least two times more likely to be murdered and four times more likely to be incarcerated than any other competitor country, including Japan, France, and the United Kingdom. -America shows the sharpest disparity between rich and poor among all nations on its competitor list. Using charts that clearly illustrate the unbiased, party-neutral data, the author uncovers the major problem areas that the nation must address to become a leader again. Homing in on best practices from other countries than can be adapted to the United States, the author plots a course to transform America from a corporate behemoth burdened by internal issues and poor performance to a thriving business with an exciting portfolio of solutions.
Though we live in an era of rapid innovation, the United States has introduced comparatively few commercial innovations within the past decade. Innovation shortfall contributes to weaker trade performance, decreased productivity growth, lower wages and many other economic woes. This study provides insightful recommendations for developing enhanced innovation efforts that could help foster substantial, long-term economic growth. As a high-wage country, the US relies on its ability to develop innovative products and services in order to compete with low-cost countries such as China, South Korea, India and Brazil. The contributors to this book, all well-known international business scholars, offer a diversity of perspectives on how the US can leverage its capacity for innovation to retain a competitive advantage within the global economy. Topics discussed include strategic organization, corporate leadership and innovation theory, as well as specific innovation challenges facing the US today. This book will prove an invaluable resource for students and professors of international business, along with those interested in examining how countries can become more economically competitive through increased focus on innovation. Contributors K. Aceto, J.D. Arthurs, N. Balasubramanian, S.Y. Cho, E. De Lia, F.C. de Sousa, D. Dougherty, D.D. Dunne, T.L. Galloway, J. Harkins, S.C. Jain, V.K. Jain, B.L. Kedia, S.K. Kim, J. Lee, R. Leung, C.L. Levesque, D.J. Miller, D.R. Miller, S.E. Mooty, R. Pellissier, S. Raghunath, J.C. Ronquillo, R. Sarathy, J.B. Sears, D. Smith, M.T.T. Thai, E. Turkina, S. Vachani
"Renewing the American Dream" provides a comprehensive analysis of the American condition using a unique three-part Renewal Framework, created by the authors. It frames the dimensions of America's current situation in holistic terms and brings the citizen's voice and the businessperson's perspective to the forefront in a national dialogue.