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Take home final exam - Essay Example

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For American companies to keep their competitive advantage in the global market, they have to put some measures in place that include, improving their innovation system to keep up with the market trends that are in existence presently. The development should be done in a way…
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Download file to see previous pages The companies may opt to engage both the public and private investors in conducting out research on the occurring trends in the market and the market expectations from the companies to keep the competition real and be ahead of their competitors. The research will make them have hands-on information on the preferences of the customers thereby producing goods that meet their expectations (Mazzucato 76).
Partnering with the correct stakeholders in trying to pull up together all the resources that are required to be ahead of their competitors is also another strategy of making sure that the companies are ahead in the market. The industries may end up employing the most qualified personnel and come up with a perfect marketing team that will sell the products of the company widely thereby surpassing the efforts of its competitors. Finally, the companies may try to focus on those programs that tend to encourage them to transform their basic and applied research into new products and manufacturing processes that lead to high-quality goods being produced for the customers (Mazzucato 56).
During farmers production, profits and revenue should not be the only factor that the USA farmers should consider. These farmers should also consider factors like time, entrepreneurship and natural resources.
During their production, farmers should consider entrepreneurship as a major factor of production. As entrepreneurs, the farmers should consider themselves as innovators and come up with new and improved ways to provide improved products to the market. They should decide on how their land, labor and capital should be used to make sure that they reap maximum profits from their farms. These benefits only accrue to the farmers and they, therefore, need to do many considerations during their production process (Uphoff 40).
The farmers also need to put the issue of time in their considerations. The ...Download file to see next pagesRead More
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