- •1.The nature and content of notion “Management of fea”
- •2. Goal and tasks of management of foreign economic activity
- •3. Principles and functions of management of fea
- •1.Methods of enterprise’s fea management
- •2.The basic concept framework of enterprise’s management of fea
- •3.The main methodological approaches to the management of fea of the enterprise
- •Importance of motivation
- •1.Generaral characteristic of the of the management of foreign economic activity process
- •2. Types of operations and procedures in management of fea
- •3. Features of management of foreign economic activity by stages.
- •1.Management activities as the basis of the process of m.OfFea
- •5.By direction of influence :
- •6.By means of adoption :
- •7.By terms of decision making:
- •1.The origin of crisis in fea
- •2. Adaptation of enterprises acting abroad to external economics shocks
- •3.Diagnostics and crises avoidance of the of the enterprise acing abroad
- •1. (Contents, essence and structure of economic analysis of foreign economic activity of enterprise
- •Principle of quantitative comparison of charges and results of activity - envisages comparison of indexes after identical quantitative units.
- •2. Analysis of foreign trade turnover of enterprise
- •Theme 8. Organization of fea
- •Essence of content of organ of fea
- •Importance of organization of fea
- •Types of organizational structure of man of fea
- •Demerits of Line and Staff Organization
- •Functional organizational structure
- •Merits of Functional Organization
- •Demerits of Functional Organization
- •3. Special features of departments of foreign economic activity in international companies.
- •Organization
- •Organizational culture
- •1.Essence and content of forecasting of fea.
- •2.Types of foreign economic forecasts.
- •1.Time-series methods used historical data to develop forecasts of the future.
- •3. Methods and means of forecasting
- •Place and role of planning in the process of management of foreign economic activity.
- •Characteristic of operational and strategical planning of fea.
- •3.Advantages and disadvantages of planning
- •Disadvantages of planning
- •Internal Limitations Rigidity
- •1. Role of control in the process of management of foreign economic activity
- •2.Diagnostics as a function of management of foreign economic activity.
- •3. The role of regulation in securing of qualified management of foreign economic activity
- •Importance of regulation
- •1.The nature and content of notion “Management of fea”
- •2. Goal and tasks of management of foreign economic activity
Merits of Functional Organization
Specialization - Better division of labour takes place which results in specialization of function and it’s consequent benefit.
Economy - Specialization compiled with standardization facilitates maximum production and economical costs.
Effective Control - Management control is simplified as the mental functions are separated from manual functions. Checks and balances keep the authority within certain limits. Specialists may be asked to judge the performance of various sections.
Expansion - Expert knowledge of functional manager facilitates better control and supervision.
Efficiency - Greater efficiency is achieved because of every function performing a limited number of functions.
Demerits of Functional Organization
Conflicts - There may be conflicts among the supervisory staff of equal ranks. They may not agree on certain issues.
Confusion - The functional system is quite complicated to put into operation, especially when it is carried out at low levels. Therefore, co- ordination becomes difficult.
Costly - Maintainance of specialist’s staff of the highest order is expensive for a concern.
Lack of Coordination - Disciplinary control becomes weak as a worker is commanded not by one person but a large number of people. Thus, there is no unity of command.
Difficulty in fixing responsibility - Because of multiple authority, it is difficult to fix responsibility.
3. Special features of departments of foreign economic activity in international companies.
Department of FEA is a part of company’s management system, carrying out FEA. It includes :
Department of marketing
Protocol department
Department of scientific and technical cooperation
Main task of department are :
MR activity
Preparations of foreign trade contracts
Participations in exhibitions, fairs, presentation
Planning and organization of export-import operations
Welcome foreign partners and travel own professionals abroad
Scope and content of basic functions of managers of FEA
Function |
Content of a function |
Definition of a strategy which company use to meet FEA |
Identification of sources of funding of FEA and formation of the optimal strategy to implement |
Foreign market analysis |
Gathering the information about the markets: the level of competition, changes in conjuncture. The main purpose – is to identify the target market and the ways of improving of our product |
Evaluation of the ability of the company to export products |
Determination of production opportunity of company, to compare the quality of goods of our company with the world’s standards, to predict the indicators of efficiency in the foreign market and compare it with the indicators on the domestic market |
Assessment of main indicators of FEA |
Analysis of the structure of FEA and its dynamics, and compare it with the trends of the domestic market. |
Preparation of the contracting |
Establishing the relationships with the future contractors, determining the conditions of the agreement and formation of the contract. |
Improving the pricing policy |
Choosing the most appropriate pricing strategy based on the product, situation on the market a nd company willing. |