A Model For U.S. Business In Germany
If you drew up a list of the ailments handicapping U.S. business as it tries to compete abroad, the American preoccupation with the short run would be high on the list. Wall Street's absorption with short-term profits, a comparatively niggardly emphasis on research and development, and managementUs zeal for cutting costs by paring payrolls are all-too-familiar examples of how the pressure for quarter-by-quarter improvement in profits can hurt, not help, U.S. companies.
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