- •1. (Contents, essence and structure of economic analysis of foreign economic activity of enterprise
- •Task of economic analysis of foreign economic activity of enterprise Structure of analysis of efficiency of foreign trade operations
- •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
- •Stage 2. Analysis of degree of implementation of obligations an enterprise is after contracts with foreign partners
- •Analysis of efficiency of external economic operations
- •Analysis of rationality of the use of money is during realization of foreign economic activity
- •Theme 8. Organization of fea
- •Importance of organization of fea
- •Types of organizational structure of man of fea
- •Merits of Line and Staff Organization
- •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.
- •Scope and content of basic functions of managers of fea
- •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
- •Topic 10 Planning of foreign economic activity
- •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 Advantages:
- •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.Contents, essence and structure of economic analysis of foreign economic activity of enterprise.
- •2.Analysis of foreign trade turnover of enterprise
2.Diagnostics as a function of management of foreign economic activity.
Diagnostics - is the identification of the nature and cause of anything.
1)Financial statement diagnostics - the analysis of the accounts and the economic prospects of a firm.
2)Fundamental diagnostics - a stock valuation method that uses financial instruments.
3)Technical diagnostics - the study of price action in securities markets in order to forecast future prices.
4)Business diagnostics - involves identifying the needs and determining the solutions to business problems.
5) Price diagnostics - involves the breakdown of a price to a unit figure.
6) Market diagnostics - consists of suppliers and customers, and price is determined by the interaction of supply and demand.
The basic steps of diagnostics
1.Specify the problem and define the objectives of diagnostics;
2. Identify all options for achieving those objectives;
3.Decide what level of diagnostics is worthwhile;
4.Estimate the costs of diagnostics;
5.Realize diagnostics.
3. The role of regulation in securing of qualified management of foreign economic activity
Regulation - a process in which the managers instruct, guide and oversee the performance of the workers to achieve predetermined goals.
Features of regulation
-- Pervasive function. Regulation is required at all levels of organization. Every manager provides guidance and inspiration to his subordinates.
-- Continuous activity. Regulation is a continuous activity as it continuous throughout the life of organization.
-- Human factor. Regulation is function is related to subordinates and therefore it is related to human factor. Since human factor is complex and behaviour is unpredictable, direction function becomes important.
-- Creative activity. Regulation function helps in converting plans into performance. Without this function, people become inactive and physical resources are meaningless.
-- Executive function. Regulation function is carried out by all managers and executives at all levels throughout the working of an enterprise, a subordinate receives instructions from his superior only.
-- Delegate function. Regulation is supposed to be a • function dealing with human beings. Human behaviour is unpredictable by nature and conditioning the people’s behaviour towards the goals of the enterprise is what the executive does in this function. Therefore, it is termed as having delicacy in it to tackle human behaviour.
Importance of regulation
-- It initiates actions. Regulation is the function which is the starting point of the work performance of subordinates. It is from this function the action takes place, subordinates understand their jobs and do according to the instructions laid. Whatever are plans laid, can be implemented only once the actual work starts. It is there that direction becomes beneficial.
-- It ingrates efforts. Through regulation, the superiors are able to guide, inspire and instruct the subordinates to work. For this, efforts of every individual towards accomplishment of goals are required. It is through direction the efforts of every department can be related and integrated with others. This can be done through persuasive leadership and effective communication. Integration of efforts bring effectiveness and stability in a concern.
-- It motivates. Regulation function helps in achievement of goals. A manager makes use of the element of motivation here to improve the performances of subordinates.
-- It provides stability. Stability and balance in concern becomes very important for long term sun survival in the market. Stability is very important since that is an index of growth of an enterprise. Therefore a manager can use of all the four traits in him so that performance standards can be maintained.
-- Coping up with the changes. It is a human behavior that human beings show resistance to change. Adaptability with changing environment helps in sustaining planned growth and becoming a market leader. It is regulation function which is of use to meet with changes in environment, both internal as external.
-- Efficient utilization of resources. Regulation helps in clarifying the role of every subordinate towards his work. The resources can be utilized properly only when less of wastages, duplication of efforts, overlapping of performances, doesn’t take place.
Theme 7. Analysis of foreign economic activity