12:00 p.m.
Mario Quispe Melgar
Global society requires a new approach to business management that allows these companies to assume the challenges of the globalized market. This situation creates the need to focus efforts in the effective management of small business for global success. The approach to these serious efforts to bring through a plan that includes new strategies to increase their competitive, such as: the basic principles of corporative government, developing strategies to achieve competitive advantage, social responsibility and financial aids.When a company is launched in the market, it needs different kinds of supports. First, the basic principles of corporative government give the main way through the company must be management about their social and trade relationships.Managers should take in account the effeects about business decisions because they affect not only the company, but will also have a direct impact on the society. Second, small business need to find the correct strategies to get a competitive advantage because the global market requires the companies create value; in other words, they can be able to generate enough money for their shareholders or stockholders. Even though thi is main target of the manangers, they should procure to get the best perfomance for the company. Third, the social responsibility is a currently item in the business because it answers the question what are the actions in the companies that affects the society. Finally, financial aids are necessaries to improve the majority part of the activities in the company, such as: production, distribution, marketing and other relevant task inside the small business.In conclusion, the United States requires a strong small business that it can be able to grow up the economy and help developing national competitive. It is the only way that United States would be a competitive country again.
