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What Business Should Do to Restore Competitiveness

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Submitted By johnreybreyes
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What Business should do to Restore Competitiveness America’s global competitiveness is dropping and it would appear that the main reason for this is its weak economy. The political environment has three main perspectives as to who should be blamed for this or whose fault it is. The first would be that the national competitiveness is the responsibility of the policymakers of the business, rather than the business leaders themselves, who needs to concentrate on running their companies, the second would be that the companies should show loyalty to the country in which they run their business, the country which supports them. If the American jobs were to be moved overseas then the executives responsible for this would be considered traitors to the American economy. The third perspective is that the managers should be able to run their companies well. But firms would draw from the commons, which means that these firms should draw from the business environment in which they conduct operations. Business leaders have the capacity to affect the commons in which they draw. Also, if a firm were to improve on its commons this would lead to an increase in the profitability of the business. Therefore, these firms should opt to improve and develop these commons in order to gain more profitability in the long run. Competitiveness is of great importance in America; one of the reasons why this is so is because when a firm is considered to be competitive in America, it is already considered to be successfully competitive in the global economy. The United States can only achieve this level of competitiveness if they were to remain a highly productive location. There are three ways mentioned that could help restore competitiveness in the U.S. through business. I. Pursue Productivity Managers should make it a priority to conduct their operations well, they should

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