BUSINESS METHODS COMPARED.
An American commercial expert, who has been making an exhaustive study of the business conditions of Europe, is reported to have thus contrasted Yankee and British methods:—"The Yankee business mind assumes much, hopes everything, disregards the past, and jumps quickly from point to point. The British business mind, on the other hand, is very solid and serious, going conscientiously through ail the valleys and hollows and reaching tho summits only by the most thorough labour and calculation —and often tho most gloomy. "Tho Yankee business mind will stand discounting. It is wisdom to take 25 per cent, off its proposition, 33 per cent, off its expectations, and a flat 50 per cent, off its clothes. But with the British business mind all the discounts have been taken off by itself already, and it is often advisable to stick on a reasonable percentage because it apologises for favourable conditions and hedges itself about with checks and safeguards."
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Dominion, Volume 4, Issue 1126, 13 May 1911, Page 8
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159BUSINESS METHODS COMPARED. Dominion, Volume 4, Issue 1126, 13 May 1911, Page 8
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