Why are German and Japanese firms generally better at managing market volatility than American firms?

Question

Quizplus · Accepted Answer

For most American firms, where corporate cultures emphasize beating competitors, stabilizing measures such as maintaining broad product lines and broad market coverage, raising prices faster and reducing advertising expenditures during booms, ignoring market share as a strategic goal, eschewing layoffs, and focusing on stability are usually given only lip service. Conversely, German and Japanese firms value employees and stability more highly and are generally better at managing volatility in markets.

Why Are German and Japanese Firms Generally Better at Managing