I want to
share some interesting stories. Nowadays, most of us have adapted to 3G or even
4G and enjoyed superior internet speed on our smartphones. However, Japan adopted
to 3G before many other countries. Moreover, long before Apple Pay, in Japan people
already could use their mobiles to pay on self-service machines. The Japanese
should have earned huge profits for their advanced and thoughtful technology
and services, but they did not and Apple Pay is still widely seen as a big step
of modern innovation. Why? Because people are not aware of what happens in Japan, as
most of their products are self sufficient. Some Japanese companies have
wonderful products, but they only focus on their domestic markets and have no
incentive to enter overseas markets. Such behavior limits the profitability and
scales of these Japanese companies which have incredible potentials.
Comparatively, the American companies may start from their locals, but they
always have the will to enter the global market. Therefore, they grow faster
and the successful ones end up being multinational companies. These two
different types of entrepreneurship have their own advantages and
disadvantages. The Japanese model is moderate, the ownership of a company is
stable and the loyalty of their consumers is relatively guaranteed; while the
American model is more aggressive and better at expanding companies' influence.
However, I prefer the American model, as it is very profitable to those
successful and innovative companies, it also increases the competitiveness in a
global scale so it will encourage self-motivated innovations and help the
global economic growth.
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