Managers of both small and large American firms keenly realize that<br > global competitionespecially from Asian nationsis becoming more<br > and more intenseThe underlying causes forthe United Statesinabil<br > ity to maintain its leadership in the world{marketplace are broad<br > difluseand complexThey permeate nearly every aspect of the na<br > tionS economy and social systemBut it iS not as if the United States<br > lacks vitally important advantages and resourcesUSscience and<br > technology are still preeminent in most basic fields of knowledgeThe<br > challenge ahead is not primarily scientific or technologicalit is man<br > agerialGlobal competition poses a challenge to American institu<br > tionsability to coordinate their energies and activitiesThis requires<br > a new vision and new managerial approaches-what Peter Drucker<br > callsentrepreneurial management<br >
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