Strategy Review

This blog's purpose is to create a dialog on major strategic issues, evaluating strategies and providing insight into how to enhance our abilities to think,make decisions and lead strategically. It will focus on companies, governments and organizations of all sizes globally.

Saturday, November 22, 2008

United States Companies have been giving away their technological advantage...

Over the past few days there have been several articles about the United States losing technological leadership. I am really confused why it appears that anyone is surprised. Lets look at what has been happening over the past several decades:
  1. United States companies, including some of the giants, have not been investing in their United States research and development labs, but rather opening new ones in China, India and Europe
  2. The number of foreign students in the technical programs has been increasing rapidly and many of them return to their native countries.
  3. Many US companies have stopped their own technological training and rely either on outsourcing, hiring from the outside or relying on the Universities to do the job.
  4. Many countries have permitted the open and frequent violation of United States copyrights and patents.
  5. There have been many cases of industrial espionage. Just today, two Chinese engineers were found guilt of stealing from a US company and exporting the know how, illegally to China.

There is no question that many CEOs of major US companies have moved their facilities, know-how overseas... SO WHY ARE WE NOW SURPRISED THAT THE UNITED STATES IN LOSING IN THIS CRITICAL RACE.

Bill Rothschild, author of the only objective, insightful and comprehensive assessment of GE's successes and failures over its 127 years...THE SECRET TO GE's SUCCESS and GAINING AND MAINTAINING THE COMPETITIVE ADVANTAGE...which can be purchased on http://www.strategyleader.com/

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