Reply #4: Japan has traditionally gone for the long term in both... [View All]

[hayu_lol]

production and research and development. In the early days of the Japanese auto industry shipping to the American market, if a model was failing to gain market share, the Japanese stopped the export production lines, redesigned, retooled, and started cranking out the changed models as quickly as possible--taking the loss up front and their success clearly shows that they were correct in their thinking, planning, and marketing.

Our business schools have been cranking out short-term thinking/planning bean counters. Not too much effort was made to look 5-10-15 years ahead to see where they wanted to be. We don't do that. What happened to our electronics industry is proof of the failure of always being concerned with today's bottom line and forget about tomorrow and the day after.

We make the innovations in a number of products, sell the innovations abroad, and continue to make the same flawed stuff here. As a result of this boneheaded approach, we make and sell electronics(aside from defense products)for no one. Our factories are in the history books.

Interestingly enough, the guy who developed the long-range plan was an American--the Japanese listened to him, we Americans did not. I forget his name, but I bet someone on DU will chip in with it.

American business is too busy counting beans when what they needed to do was plant some.