logo image

Foreign Trade Essay

The managers must take notice of the fact that if the changes are significant, it may have the potential of changing the competitive rules of the game in the industry. With the easing of rules in foreign trade and participation of major global players, norms have changed dramatically which is reflected in the strategies of most of the firms in the sector. Foreign trade gives a wider focus and changes can be seen in the area of technology and pricing, their business alliances and network in the country.

Managers need to be cautious of the fact that there may be developments, which are not so easy to be predicted and therefore need further attention so that they can be incorporated in their strategy. In the global context, the managers must see the kind of impact any single change will have in different markets. It is quite possible that they are very different both in degree and their nature. Understanding of the general environment in which an organization operates is the foremost pre-requisite towards strategy formulation.

The six broad dimensions which the framework provides of the environment-political, economic, sociocultural, technological, environmental and legal are capable of giving a comprehensive overview of how things

Need essay sample on "Foreign Trade"? We will write a custom essay sample specifically for you for only $ 13.90/page

may be unfolding. The objective of the analysis out of this framework however should not only restrict to the present and past but the real focus should be on projecting the trends into future in order to get the real feel of the environment then.

This shall enable the firm to proactively strategize for future considering the general environment; it is going to face and the issues which will be of importance.


1. Johnson, Gerry & Scholes, Kevan. (2004). Exploring Corporate Strategy. Sixth edition, Prentice-Hall of India, New Delhi. 2. Thompson, A. Arthur, Jr. and Strickland, A. J. III. (2003). Strategic Management, Concepts and Cases, Thirteenth edition. Tata McGraw Hill Publishing, New Delhi. 3. David, R. Fred. (1997). Concepts of Strategic Management. Prentice Hall International Inc.

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy