One of Austria's Newspapers reported, quoting the Accounting firm Ernst & Young, that the large corporation of the USA are showing signs of strong economic recovery, particularly, when compared to their European counterparts.
Excluding Banks and Insurance Companies, European Producers, during 2013 over 2012, showed an increase in Sales of 0.5% and a reduction in Profits of 3% .
During the same period, the 300 largest Corporation in the USA registered an increase in Sales of 4%
and an increase in Profits of 5%.
Europe's top 300 Corporations were able to generate profits of
643 billion US Dollars, while the 300 largest corporations in the
US of A showed profits of 831 billion US$.
US firms were found to be more profitable, stronger and more modern.
When the big Economic Collapse seemed to threaten first the USA and then Europe, I, knowing nothing of "Big Business", predicted that the USA will recover quicker and stronger than Europe.
I was asked then, why I thought that and what statistical information did I have to justify such a bold statement.
First I had to admit, that I had Zero statistical information, and almost Zero knowledge of what is called "Big Business".
But I do know the American spirit of work, their innovative approach to a problem, their willingness to change, sometimes fundamentally, to compromise "the way it has always been done" and start a new way.
While it seems that the European Businessman is more true to the "old and tried way" and reluctant to sudden changes of "the system".
Obviously the above analysis cannot be applied across the board. There are those and there are these on both Continents.
The results, however, tend to give the entrepreneur of the USA the edge.
Bertstravels hopes
that everybody does well.
No comments:
Post a Comment