The
controversial topic I chose from my field relates to how the economics system affects
accounting. The main issue is about whether cultural and economic differences
between the US and Japan will prevent US firms from successfully implementing
Japanese and Deming management methods. Basically, the current situation in
global business is quite different. Like the articles describes, “Critics
of the American system contend that successfully competing in today's global
economy requires a whole new set of attitudes and assumptions about how to
optimize the benefits obtained from economic activity (Martin).” As a result,
Americans are too individualistic and competitive to operating the business. On
the other side, Japan has less more concerns about failing in the economy. Its
culture and economic system fit the requirements perfectly. Also, they prefer
to work in groups and teams, in this way, they are more focus on the collective
performance rather than the individual performance. The different business
concepts in the US and Japan have the different results in business. Obviously,
Japan has a better performance and structure in doing business. “Cooperation
between individuals, employees and management, departments, companies,
industries, and government and business are key ingredients in the Japanese
system (Martin).”
However, the cause
of this controversy is because of failing of American business system. This
issue, which deals with the ability of American companies to compete with the
Japanese, is fairly comprehensive and extremely thought provoking. Also, it
concerns about how American can change their system in order to operate the
economy better.
The website link: http://www.maaw.info/ArticleSummaries/ArtSumMartin94.htm