Have you ever thought why most of the world’s big companies like Google, Apple, Microsoft, Meta, Facebook come from America only. Actually this is a very big and genuine question in the business world. Is there any shortage of talent in other countries or is there any other reason for it. Let us know all those things which make America a super power in the business world today.
Why are most big companies from the USA?
1. Innovation from the start
The first reason for this is the innovative culture here, new ideas and innovation are being promoted in America since the 19th century, the big colleges and research labs there did initial work in such fields as computers and the internet, that is why big gains like Google and Apple emerged from here.
2. Access to capital funding
Business ideas keep coming in the mind of most people across the country but to start or launch it, there is a strong need of capital and funding but America’s business environment culture is already very strong that is why here venture capital firms and investors openly invest money in new startups. Silicon Valley is the best example of this. Compared to India or China, funding is quite easy and easily available on a large scale in USA.
3. Free market and business-friendly environment
America’s economic system itself is designed to grow business. Here, there is less government interference, rules are transparent and startups also get many benefits in taxes. Here, the government and law are expert in promoting business.
4. Attraction of global talent
Like Arab countries, it also attracts the best talent from across the world. Lakhs of people from India and Europe come here to study and work, which provide world class talent to the companies.
5. Large and wealthy market
If you look closely, America itself is a rich and huge market. People do not hesitate at all in spending money on new things. Their main focus is on quality because people here are wealthy and for that reason it becomes even easier to test and scale new products. The professional purchasing power here makes it even stronger.
6. World class universities and education system
This is a very big and amazing reason for making its business system strong. There is a strong eco-system for research and development here. Top universities like MIT and Stanford are here where students from all over the world come to study. America is able to take its talent to the global level because of its education system.
Is this possible in other countries?
If we talk about countries like China and India, then China is also growing older since the last few years and is becoming self-dependent in the world of technology. If we talk about India, then in the last few years tech hubs in big cities like Bengaluru, Gurugram, Noida are growing older rapidly.
In the growth of any country, its eco-system and legal system play a very important role. Big companies are formed not just by talent but also by innovation-friendly environment funding, big market and legal protection.
So I hope that you have understood this information about the business system. Do explore such new questions and improvements and whatever doubts and questions you have in your mind, you can ask in the comments.
