What’s Behind The Slowdown In US Business Growth?

Summary

Long-term ideas created by the company for the company itself. Usually in the form of ideas, initiatives, overall activities that the company will do in the long run. Things that are usually considered by companies for business development is company revenues, business expansion also strategic partnership. There are several departments in business development activities : Sales, Marketing, Project Management, Product Management, Vendor Management, Partnership, and cost-saving efforts. Sales will focus on particular market or particular clients, often for a targeted revenue number, Marketing involves promotion and advertising aimed towards the successful sale of products to end-customers, Partnership will define the strategy to enter a new market, Project Management will do all the planning about how all the product will be manufactured in the base country, Product management will do the regulatory standards and market requirements, Vendor Management will search for the vendor if the company needs one, Cost-saving will do all cost-cutting measures. Before doing business development we must know what we have to help the company, after that we can measure what the company needs to grow. What we need to do for our Personal Branding is we need to use media social bur professionally. Means we can use linkedIn instead. What we need to put inside the LinkedIn is about ourself, our straight like what can we do, what makes us different with other and our credibility. We need to make it simple yet strong.

Abstract

Over the past couple of years, economists, analysts, and policymakers have started paying more attention to declining business dynamism, the rate at which new American businesses are started in the United States. This decline has come among a variety of other downturns in the creation, destruction, and growth of American businesses. For several decades, the distribution of firm growth was positively skewed. The gap between the growth rates for the 90th percentile and the median was larger than the gap between the median and the 10th percentile. In other words, the firms leading in job growth were far ahead of the pack. The ramifications of these trends are fairly significant. Young, fast-growing firms have long been a source of job growth and productivity growth in the United States and slower job growth is clearly something the United States could do without. The declining growth rate of leading firms might also explain, in part, the collapse of the job ladder. If there are fewer jobs at faster-growing firms that need to hire workers, that would reduce the amount of job-to-job transitions. And other research has shown how a greater share of older firms in the economy could help explain the jobless recoveries of the 21st century. The declining dynamism of U.S. firms was apparent before the release of this new paper, but now its severity is even starker. The root of this trend and others related to it, however, is not well understood. Getting to the core of this slowdown will take time, effort, and research.

Reference: https://www.weforum.org/agenda/2015/12/whats-behind-the-slowdown-in-us-business-growth/