Global Entrepreneurship - Essay Example

Download file to see previous pages...  The scientific management resulted in great evolution of US business and the innovation management and sub division of labor helped the US business to grow at faster pace than the rest of the world. Research and development, mass production, efficiency and increased wages for the labors also provided adequate boost to the American business and the vast growing firms geographically expanded and took over the European markets through their corporate Americanization. At the same time, problems emerge in the system like agency problems, separation of control from the ownership, unrelated diversification, etc. US businesses stay sustainable through innovation and change management however economic meltdown obliges them to downsize. German business system has been able to sustain the non-price sensitive markets through collective bargains and consensus management and their primary focus is on long term strategy of production and export.UK business system is also quite similar to that and follows long term strategic planning. In the UK, businesses tend to expand geographically like that of US corporations e.g. Tesco, BT, etc. French business system is driven by functionality and rigid hierarchy and is found more directive than collaborative. The focus is to produce and supply hi tech products to the international markets.   European business systems endeavor to stay sustainable in the economic crisis through strategic management that helps them to cope up the crisis like merging, joint venturing, co-branding, etc. ...Download file to see next pagesRead More