I agree that incompetence is the primary reason. However, I did a recent harvard business case study for one of my other classes about why Tesco supermarket failed in the US, when it had great success in Eastern Europe and Asia. I feel another factor that businesses fail in US is because of how saturated the US market is. For a business to be successful here, it has to be much more competent than other parts of the world.
I agree that incompetence is the primary reason. However, I did a recent harvard business case study for one of my other classes about why Tesco supermarket failed in the US, when it had great success in Eastern Europe and Asia. I feel another factor that businesses fail in US is because of how saturated the US market is. For a business to be successful here, it has to be much more competent than other parts of the world.
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