Global Investment - Article Example

American managers are admired all around the word. This is because their output is always appealing in reference to performances of managers from other nations. In reference to information from leading philosophers, the spirit of entrepreneurship is particularly beneficial as it dictates the management skill offered by individuals in question. This is in relation to the philosophies of entrepreneurship in USA and other nations such as India. An American manger will work hard to ensure that the firm succeeds, despite all challenges in the business environment.

This is the reason behind industrial success of the nation as well as the admirable economy. On the other hand, Indians would work tirelessly to ensure that, he benefits optimally, through both corruption and fund embezzlement activities (Hymowit, 2000).Peter Killing, an American professor, confirm the above philosophy, as he proves to us that, Americans are the best business mangers around the world. He further illustrates that, the above is evident, from different surveys and education workshops held around the country.

The topic arises as a result of the spirit of the American in adopting different environment with the aim to invest. The inclusions to consider when investing in a foreign nation are cultural differences, climate, language, and cost, among others. This is because they are determiners of the success or failures of the business ventures. The above inclusion will facilitate bridging the gap between the two nations (Hymowit, 2000). In regard to thriving businesses, like Cisco and Wall Street busters, comes the debate of future IPOs and NASDAQ stocks.

Business success in any country comes due to technology, internet revolution, productivity levels and the spirit of entrepreneurial ship. Ignorance of affairs in the world trade and materialism are hindrances in business development. Understanding the history of business in the country of choice and learning the language of the people of the country, contributes to a business success and also understanding the geographical conditions. Culture of the people in the new country is also noteworthy, so that they can remove the `we have a foreign boss’ mind set.

This helps in creating openness and befriending the people of that country, thus success of the business (Hymowit, 2000).Managers said that operating a business in a foreign country, would succeed first by learning the language of the people and their culture to create friendliness. This is multiculturalism. Going around the new country of operation and learning new techniques, and holding meetings with the staff would shorten the distance between the foreign manager and the people in the new country of operations, just like Mr.

, Johnson who is the CEO of GE advance admits so. Diversity of employees creates better decision and discussions; thus every customer speech leads to branding globally. Understanding the people’s time frame for getting results is crucial, because most people get their profit results monthly or yearly. Managers should look at the future, but not forgetting the past, as Americans do. Thus, it is essential to deal with new projects for expansion of the economy. Managers should consider the cost of beginning a business in a foreign country, because different country’s have different economies, thus cost differs (Hymowit, 2000).

ReferencesHymowit, C. (2000). In the Lead: Companies Go Global, But Many Managers Just Don't Travel Well. Wall Street Journal. (Eastern edition). New York, N.Y.: Aug 15, 2000. pg.B.1.