National Economic Success - Term Paper Example

Modern Business in Comparative Perspective Insert Insert Introduction Introduction Most countries now days are using modern technologies to carry out their daylily operations. Therefore, this study is going to perform an analysis of various countries to find out their means to success. For instance, we are going to discuss how different apply various production techniques to boost their production level. In addition, the paper will also carry out an analysis of various management styles that leaders in respect countries employ to meet their set objective. However, the paper is also going to compare how different countries are using modern technology to boost their production as well as services they provide to the clients. 1. National economic success rests on the leadership in systems of production and operations management Successful production in any company needs proper coordination and control of activities Leaders in a country or companies have significant roles in improving the financial condition of the company as well as that of the country at large. However, leaders in different countries employ different management styles as well as leadership styles in order to boost the economy of the state. For instance, the northern European countries have industry coordination of their market economies. The leader’s primary concern in this scenario, leaders focus much on technology transfer, industrial relations and initial training of employees (Lee, McCann and Messenger, 2007). In these countries, it takes place through industry section other than individual firms. The leaders ensure that they have adequate as well as skillful personnel to carry effectively out the task. In addition, the leaders also ensure that that they operate within modern technology in order to produce quality work to meet customer’s expectations. However, the country like Japan, leaders practices group coordination of their market economies. Their primary concern is on company coordination that usually takes place within a cross industry grouping of large firms. In this category, the groupings entail firms from each major industry with little market product difference between the companies in any group. In this case, small businesses have close relations with large enterprises thus learning some few things from the large firms. Management techniques various countries are employing different management techniques so as to improve their daily operations. For instance, in the year 2002, china’s transportation industry had to motivate their employees in order to improve their production. The management of the country ensures that it provides training to its staff to update their skills. The was employment of the same thing in Korea in the communications industry, where the management of the country always ensures that it offers incentives to its employees to improve performance. In the year 2007, the policy draft was enacted to provide incentives to all staff in various organizations that attain their set goals. The leader of different companies both applies different management techniques in order to ensure that their business boosts its economic status. The management of various countries in respective companies is practicing free reign type of leadership. The management is giving employees the freedom to make their decisions. The decisions they make are for the interest of the organization as well as of the country’s economy at large. In addition, the management is also providing employees with modern equipment’s that will enable them to carry out their tasks effectively. For instance, in Japan, most company’s management is transferring their operation to online. That is, they have to find their raw material online and find a market their products online. The company products also call for proper marketing of its products to sell to the expectations of the enterprise. However, various companies have different marketing strategies that the use to sell their products. For instance, both the Japan and Germany are marketing their products online. They are all practicing e- commerce in their transactions. In addition, the two countries are also embracing globalization and encouraging its employees to adapt to the changes. Human resource training Economic success of the particular countries contributes a lot to the country’s economic success. However, the countries management ensures that it properly trains its employees in order to meet organizational objectives. For instance, the Japan management under the public service department, it ensures that it provides on the job training to its employees if performance evaluation demands training. In the year 2004, all civil servants who had served for more than ten years were taken to refresher causes to update their skills. That is the management will hire an expert in a particular field and let the employee learn from the expert. On the other hand, countries as if Germany ensures that it provide seminars to its employees and provide room for development of workers. Production and operations as strategy Production is another approach that Japan, UK, US, China, and Germany use to realize success in its economy. For instance, from the year 2012, Japan is using subcontracting as one of its production strategies. Through outsourcing, the management will get some free time to concentrate on improvement of its output. On the other hand, US are using increase capacity as its primary production strategies. For instance, from the year, 2000 Hewlett Packard Co has increased the production of its products by 50 %. The company ensures that it has enough to meet its customers demand at any particular time. The countries ensure that they acquire adequate raw material as well as skillful personnel in order to produce quality products. The companies also provide that they use modern equipment’s in their production process to produce quality products. Historical and institutional explanation of different management approaches and investment, changing patterns over time the management styles of all the countries have been changing over time. For instance, German managers are enjoying a high degree of professional as well as technical education, and students can choose at any early point their interest in a management or scientific education. However, in countries like China, the managers are the ones who decide on the management style that they feel will work better in a particular company. In china’s construction company, employees are not allowed to make their decisions. Instead, they work under close supervision. In the year 1990, Australia agricultural embraced teamwork management style to manage its employees for they believe that two is better than one. Therefore, the countries use different or same management skills with an intention of boosting their economic level. National as well as sector variations rather than national patterns of advantage Both China, Germany, US, UK, and Japan are operating under national and industry differences to boost their economy, as well as employee relations in their companies. For instance, in the year 2013 public servants in UK were given permission to be moving from one company another to learn more in a different environment. The companies are ensuring that they have various fields of specialization that will enable them to be dynamic and adapt readily to business changing conditions. Conclusion All countries are making deliberate efforts in order to attain economic developments. Japan, Germany, UK, US Australia and China are also ensuring that they employ personnel with required skills, use modern technology in production and use e marketing to market their products to gain more income as possible. Therefore, with current business approach, the countries are improving their customer relations, enhance their economy and at the same improve the country’s economy at large. 2. Why do major generation of different economies approaches production and operations management, and it significantly influences on competitive advantages among nations Different approaches to production Different countries have different approaches to producing goods and services. Approaches to production of a particular country depend on the consumption level of that specific product. For instance, Europe and overseas, bought a Czech company and opened various plants in Eastern side of Europe while expanding operations in Asia. Until early 1990s, BMW and Mercedes-Benz had almost no production facilities outside Germany. Their success as internationally known and active companies is in New Technology, Work and Employment. Therefore, the country will have to put into consideration the demand level of the product before its production. Countries have different consumption styles that need a production company to have proper analysis of the consumption trend in order to cut down unnecessary cost and maximize the profits. Production skills are also another factor that a country puts into consideration before the start of the production process. Some skills are rear to find, and others are very expensive. It is, therefore, the duty of the company management to ensure that they come up with a reliable approach to production. In addition, technology is also a great factor that contributes much to the production plan. Once the company has modern equipment’s, it will be able to produce quality products that will meet customer expectations. Moreover, modern equipment will enable the country to produce quickly and deliver the products to customers. Technology is also giving countries an opportunity to minimize their operation costs. The companies use internet to purchase the raw materials to facilitate the production process. Production approach also depends on the marketing strategy that the country has. Most countries are using online marketing to market their products, as well as offer descriptions of their products. The country only needs to produce goods that can fully satisfy the customer at any particular point. Therefore, the country will have to ensure that it produces the product and properly market it to avoid the chances of having obsolete goods in the warehouse. Operational management is also another technique that the countries use in order to boost its economic value. The management of the companies in respective countries ensures that they have proper strategies in place to improve the level of the economy. The management of various countries needs to plan organizes and motivates their personnel in order to meet their set objectives. In addition, both Japan and China are making sure that its sells agents are working hard to achieve the set goal. The countries are linking the agents rewards to their performance as a way of making them work extra hard to earn more. However, the operation management has different significances competitive advantages among nations. The operational management technique is also another criterion that the countries use in order to gain a competitive advantage. The management ensures that they monitor keenly the operations of their staff. They follow the staff activities because they need to produce quality work on time. Moreover, operational management will enable the country to understand the market trends and how to adjust to the current trends in the market. For instance, China’s management always sends its sells agents to a different destination to carry out market analysis. The findings of the market analysis will enable the country to understand the urgent products that the customer needs as well as the most selling product. After this analysis, the company will be able to plan for its production to meet its customer’s expectation. On the other hand, Germany makes most of its advertisement as well as market analysis online. The countries most reliable mechanism for marketing and market analysis is online. The state ensures that it finds exact statistics consumption of certain products before producing that particular product. The marketing analysis will enable the marketing agent from all the countries to understand when and where to find clients. Executive control will enable the country to understand its competitor’s position and thus setting a strategy to on how one is going to win the competition in the market. Significant economies generate different approaches to production because; they need to unique in their operations. The country will have to make a different approach in order to win the customers attention. Once the company has the customer’s attention and deliver quality, the consumer will be a frequent client to the business. Therefore, all countries are making an effort in order to win customer loyalty and at the same time maximize their returns. Despite the fact that the countries management can use different approaches to production, they all have the same goal to achieve. The countries need is to boost their economic level and improve the living standards of the country. List of References Lee, S., McCann, D. and Messenger, J. (2007). Working time around the world. London: Routledge. Read More