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"America is meant to be entrepreneurial. Why then are some American firms finding it difficult to enshrine flexibility in their organization?"
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IBM Essay Gemma Thomas "America is meant to be entrepreneurial. Why then are some American firms finding it difficult to enshrine flexibility in their organization?" Entrepreneurship is defined as "The initiating and organizing of the production of new goods, or the introduction of new techniques, and the risk taking associated with it." (Sloman 1997). To be entrepreneurial, an advantage is needed, some say this is inherent others it is simply circumstantial. If we examine Porter's theory of 'The competitive advantage of Nations' we see that other factors also contribute towards the success of a firm. Competitive advantage is a firm specific advantage derived from investment that leads to innovation and upgrading that enables firms to become superior to their competition. Porter says that 'firms gain and sustain competitive advantage in international competition through improvement, innovation and upgrading'. This must be a continual process, improving beyond the competition and doing so fast enough to...
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