Critiques On Wall Street Journal Articles

1310 words - 5 pages

Assignment 1-A "China May Be on Course To Overtake U.S. Economy" Wall Street Journal - pg. A1, col. 1 For China to surpass Japan's economy in the near future and to tail our economy is potentially very dangerous and could quite possibly shift our position as the super nation of the world. The implied impact on U.S. companies would be that they are in grave danger of losing their future clientele and cause downsizing within the companies which hence forth would raise unemployment and poverty in America. If China were to have surpassed our economy, Chinese companies would render more business and accelerate both technologically and financially so rapidly that it would make it far more difficult for our economy to keep up. As for Operations and planning for the next ten to twenty years, revisions are imperative in order to keep up with the everyday challenges brought upon by the potential overcoming of our economy due to China. We need to purchase technology and resources from other countries in order to keep up with our competition rather than be left behind. Operations should come up with new ways to bring business to American companies rather than Chinese companies. Because labor and services are very cheap in China we must develop new incentives for clientele to do business with American companies. Furthermore, we must halt all outsourcing to foreign countries. Although the company may be saving roughly 60% in finances by outsourcing jobs to foreign companies such as China, in the long-run the bitterness of our future's economy will override the sweetness of saving several dollars at the present moment. Even better, we would be putting money back into our economy and keeping the economy moving. The salary paid to an outsourced worker in China might benefit the American company because it saved some money, but that's where it ends. If the job was given to an American worker, he/she then puts the money back into our economy which is then turned over and over again and can only strengthen our future's economy so that by 2020 we will have a stronger and more stable standing. I find it despicable to see how China takes advantage of its overpopulated country's problems by forcing its large number of poor to slave themselves for merely pennies just so that its economy would excel. This type of exploitation should have deterred American companies to do business with them to begin with, but it must end now otherwise we will only be aiding our competition. As for an Operations Executive, I believe this strategy should be followed through within the company's business plan. It will be expected that somewhere along the lines one would need to "cut corners" in the companies budget in order to compensate for the jobs being paid to their own employees instead of outsourced foreign workers. What our Operations Executives are failing at what the Chinese Executives are excelling in, which is the outcome of the future. There should be as much emphasis in...

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