America is based on the capitalist system; other countries sometimes have a mixed framework of capitalism and Marxism.
A study of cooperative management greatly benefits international business and managers engaged in multi-national business operations because foreign cultures generally differ in their interactive processes. In past decades, American companies were accustomed to doing business with their European counterparts, most of whom had much in common in terms of culture. In the new world order, however, Americans find themselves increasingly dealing with Asian, African, South American, and Middle Eastern cultures. Whereas American business negotiations are characterized by a no-nonsense interactive style, many foreign businesspeople prefer a less direct route, in which personal relationship and trust are first established.
American companies are notorious for being unprepared in business transactions with their foreign counterparts. Not only is it necessary to understand the culture and language of a foreign country, it is also advisable to understand the influence of the external constraints that comprise its business climate. Although all organizations might have the same basic goal of economic efficiency, certain countries have different economic goals for their expanded economic output. Through the use of comparative management, insight can be gained into why certain countries are more efficient in their internal operations. Armed with this knowledge, managers of multinational businesses can anticipate various management problems in the countries in which they do business.
2. Japan emerged from its status as U.S. protege in the 1950s by being an eager learner of American management techniques, especially those relating to productivity. During the 1950s, few U.S. companies listened when the concept of total quality management (TQM) was introduced; in contrast, Japan swiftly adapted TQM into its economic ...
Comparative Management- "Analysis of Managment Priciples". (1969, December 31). In LotsofEssays.com. Retrieved 12:29, January 21, 2017, from http://www.collegetermpapers.com/viewpaper/1303840006.html