Businessweek highlights findings of a survey that suggests "China and India rival the United States when it comes to business competitiveness, and the Asian countries may soon surpass American rivals in technological innovation"

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" The lack of competitive planning among U.S. companies shocked survey organizers and made them worry about the United States' ability to continue to dominate the global technology sector.

Two-thirds of American executives said their companies have not instituted formal practices for tracking and analyzing competition. Many executives said they de-emphasized product innovation and customer service, focusing instead on cost-cutting since the technology industry began flagging in 2000, organizers said."