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Business Culture vs.American Culture

February 04, 2001 03:34PM
Doug ,you make your points on target .Major corporations overseas have long-range business plans .American business can only plan quarter to quarter because of perceived instability in markets and because of intense pressure of stockholders . It's near-sighted ,but CEOs get calls from money managers of annuities , mutual funds , banks and other intitutions every day ,and they dictatate business decisions to him like he(or she) is their employee . The problem is corporations and labor in the U.S. never got along ,and hardly talk to each other . This is different from the Europeans . Management never considered labor as an asset and has sought to automate labor out of existence . When they can't get rid of labor ,they take jobs to the Third World where a laborer costs $8-16 a day . Being both a blue-collar worker and a businessman I see both points of view . Decades ago ,a manager at Packard showed Walter Reuther , then head of the UAW ,a new boring machine that automatically cut all of the holes in a cylinder block . Reuther said ,"That is an excellent machine but how many Packards will that machine ever buy ?"
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What Next - day trading

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Re: Good Business and bad Karma

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No Slight Intended

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