Modern Business in Comparative Perspective (EXAM PREPARATION) Essay - 1

Modern Business in Comparative Perspective (EXAM PREPARATION) - Essay Example Successful production in any company needs proper coordination and control of activities Leaders in a country or companies have significant roles in improving the financial condition of the company as well as that of the country at large. However, leaders in different countries employ different management styles as well as leadership styles in order to boost the economy of the state. For instance, the northern European countries have industry coordination of their market economies. The leader’s primary concern in this scenario, leaders focus much on technology transfer, industrial relations and initial training of employees (Lee, McCann and Messenger, 2007). In these countries, it takes place through industry section other than individual firms. The leaders ensure that they have adequate as well as skillful personnel to carry effectively out the task. In addition, the leaders also ensure that that they operate within modern technology in order to produce quality work to meet c ustomer’s expectations. However, the country like Japan, leaders practices group coordination of their market economies. Their primary concern is on company coordination that usually takes place within a cross industry grouping of large firms. In this category, the groupings entail firms from each major industry with little market product difference between the companies in any group. In this case, small businesses have close relations with large enterprises thus learning some few things from the large firms. various countries are employing different management techniques so as to improve their daily operations. For instance, in the year 2002, china’s transportation industry had to motivate their employees in order to improve their production. The management of the country ensures that it provides training to its staff to update their skills. The was employment of the same thing in Korea in the