The more things change, the more they stay the same. Businesses in the United State are very much the same as they were centuries ago. We specialize in what we are good at and outsource when it makes sense economically. While offering the same end product, we have repaved the road and redefined our priorities.
Globalization and technology have shrunken the globe. Barriers have been broken and communication is quick and inexpensive. Developing business economies in the BRIC countries (Brazil, Russia, India, China) aid in the production of units from American designs and specialize in cutting costs. Technology has helped increase efficiency and cut down barriers to trade. All of these advances have helped improve business while connecting technologies and people worldwide. It is common to see businessmen and women working while traveling and maintaining a constant connection through email.
Businesses have increased social responsibility and ethical standards. Although they are reaching across oceans to reduce costs of production, society and the consumer are holding them responsible for such actions. The corporations are also stepping forward to maintain ethical business standards. These ethical standards are held with all suppliers or manufacturers. This positions the company to show their care for community and their effect in our economy. The company also upholds high ethical standards with employees.