Same Business, Different Countries Research Paper

Same Business, Different Countries - Research Paper Example It has a unique status in the consumer market due to the continuous inventions and introduction of latest technology. For instance, it is acknowledged for inventing light bulbs, audio cassettes, C.T. scan machines etc. (Company Profile, 2013). In comparison to this Hitachi is located in Japan and it typically deals in electronic systems in trains, power tools, elevators, construction machinery, medical equipment etc. The core values of the company include harmony and sincerity within the corporation and with the outside world. Moreover, it aspires to make an immense contribution to the society through facilitating its members with the latest technology. Both companies commonly deal in televisions, refrigerators, multimedia projectors etc. (Hitachi Group Identity, 2013). Comparative Analysis One of the biggest challenges faced by both the organizations is that of technology. In the contemporary world, technology has taken precedence over every other business issue due to the fact that today companies dealing in electronic products need to bring an innovation far before their competitors. In addition to this once the new technology is introduced by either Hitachi or Philips, it becomes easier for other competitors to produce its replica (Dubbink, 2011). Although both the organizations are located at entirely different places since the world has now become a global village, companies operating even at different places but with similar products face same problems. This is primarily due to immense competition and same consumer market. For instance, home appliances of Hitachi and Philips are available in western and eastern countries with the same frequency. Therefore when one of them introduces a new technology the competitor has to come up with more advanced products so as to maintain its market share and profits. Otherwise, the competing organization would lose its consumers which can also destroy the overall prestige of the company (Dubbink, 2011). Excelling in t he current business environment needs extra managerial skills and abilities. Although Hitachi and Philips are operating in the same industry on the international level both of them have distinctiveness on the country level and therefore their decision-making style and management strategies vary from one another. Following are most common differences between them: Social: As discussed above Hitachi gives huge importance to the social welfare and overall progress of the society. In Japan, they work while considering the future issues of the society and its variable needs hence when it comes to decision making Hitachi considers the benefits of its society, employees and other related members of the organization (Hitachi Group Identity, 2013). In contrast to this Philips has a major focus over the improvement of lives all over the world which means that their business strategies do not only cover the homeland rather they plan for the welfare of people across the borders (Company Profile , 2013). Political: Political conditions in Japan and Netherlands are better than the eastern parts of the world. However, the political turmoil in countries with consumers actually influences the overall strength and managerial decisions of Hitachi and Philips (Ferdinand & Grapperhaus, 2009). Ethical: Business ethics play a vital role in the overall success of any organization.  Ã‚