American Business Principles Refined

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American Business Principles Refined American Business Principles Refined by Murad Ali

American business is on the decline. Countries across the globe are producing products cheaper than and with higher quality than we are in the United States. Theorists have concluded it is everything from a lost work ethic to heavy government legislation. The truth lies somewhere in between these realities and reform is necessary in order to reverse the trend. The following principles should guide government legislators and business people alike in producing a business-friendly America.

1.) Reform School Education: School education has swayed from its original purpose to develop citizens that contribute to American society, are prepared for the work force and for defending their country. Instead of reading, writing and arithmetic we are now teaching racial division, individualism and a ultra concern for social issues. Legislators and school administrators fail to realize that everyone suffers if America reduces in economic, political and military stature. Where we should be developing adults we are now producing confused children of age.

2.) Limit Liability Except in Extreme Cases: Lawsuits, insurance, medical costs, manufacturing and even attitudes are affected by the lack of a cap on liability. Employees sue for millions when they don?t get a promotion, a family uses a product improperly and is given a lump sum payment, and medical expenses are driving up labor costs. The cost of doing business within the United States must be reduced in order to make success feasible.

3.) Promote Community: Let us be honest with each other. Individualism is both good and bad. On its negative side people can?t seem to follow the rules and on its positive side innovation among the work force is increased. Yet in today?s world the Japanese have shown that team work succeeds. U.S. business theory promotes teamwork but the primary schools are still promoting individuals and this creates a problems. It?s time for a collective culture that knows how to follow the rules and can work together to achieve goals.

4.) Continuous Improvement: We should never be satisfied with what we have and the products we make. W must be better than the competition and this requires years of devotion. For example, look at the state of the American auto industry with its poor product designs that were developed not on the production line but in the minds of the executives who have become complacent.

5.) Reform Government: Government must trim the fat and reduce overall restrictions on business. That doesn?t mean we shouldn?t help the poor, or pay for a strong military but that we should spend government money where it is useful and not where there is no return. ?Return on Investment? should be a term used consistently in policy development.

6.) Strengthen American Industry: American industry should manufacture their own products, and sell within and outside the United States. The key to success is exports; the more exports the more money. Modern business philosophy has us believe that outsourcing and cheap imports are good for the country but business principles dictate that globalization is good if you are exporting. America must be profitable.

7.) Encourage Entrepreneurs: Entrepreneurs have the ability to develop new business models based upon the changing environment. Nearly every mega corporation started as a cottage industry. Bill gates started out of a garage and became the mighty Dell. Entrepreneurs can be supported through no-interest loans, networks designed around their needs and cheaper access to markets.

Murad Ali is a two time author, business entrepreneur and a Ph.D. candidate. You can get more great articles written by Murad at http://thenewbusinessworld.blogspot.com

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