Competitive strategies of companies in the foreign market
DOI:
https://doi.org/10.31617/zt.knute.2021(116)02Keywords:
competitiveness, competitive advantage, competitive strategy, enterprise, foreign economic activity, market.Abstract
The types and key features of competitive strategies, the process of forming a competitive strategy of enterprises and the main ways to increase the competitiveness of enterprises in foreign markets are substantiated. The competitive positions of Ukrainian companies were studied and the importance of competitive strategies for sustainable enterprise development, high profitability and competitiveness in modern markets of goods and services was analyzed. The mechanism of improving the competitive position of Ukrainian companies in foreign markets is determined.
References
Korinnyi, S. O., & Holianchuk, A. R. (2018). Analysis of Key Competitive Strategies Employed by International Companies. International Journal of Innovative Technologies in Economy, 6 (18), (Vol. 2), (pp. 47-50) [in English] https://doi.org/10.31435/rsglobal_ijite/01072018/5944.
Pashchenko, Olga (2015). Features of formation of competitive advantages: a strategic dimension. Journal of ZSTU: Economics, management and administration, 3 (73), 94-100 [in Ukrainian].
Khanenko, A.V. (2019). The assessment of competitiveness and the formation of competitive advantages of an economic entity. Economic Herald of State Higher Educational Institution «Ukrainian State University of Chemical Technology», 2 (10), 103-111 [in English].
Sabadash, V. V., Stauvermann, P. J., & Peleshchenko, R. O. (2019). Competitiveness of Ukrainian Companies in Foreign Markets: New Challenges and Opportunities. Mechanism of Economic Regulation, 1, 79-89 [in English] https://doi.org/10.21272/mer.2019.83.06.
Braendle, U., Mozghovyi, Ya., & Huryna, K. (2017). Corporate competitivenessand sustainability risks. Risk Governance and Control: Financial Markets & Institutions, 7 (4-2), 225-233. DOI: 10.22495/rgc7i4c2art5 [in English] https://doi.org/10.22495/rgc7i4c2art5.
Organization for Economic Co-operation and Development. Official Website. Retrieved from https://www.oecd.org [in English].
European Union Law. EUR-Lex. Official Website. Retrieved from https://eur-lex.europa.eu/homepage.html [in English].
UNCTAD. Competition, Competitiveness and Development: Lessons from Developing Countries. (2004). Retrieved from https://unctad.org/system/files/official-document/ditcclp20041ch5_en.pdf [in English].
The World Economic Forum. Official Website. Retrieved from https://www.weforum.org [in English].
Major Strategy Frameworks. Generic Competitive Strategy. Retrieved from https://www.cleverism.com/generic-competitive-strategy [in English].
Five Forces Model. Based Upon Michael E. Porter’s Work. Retrieved from https://cdn2.hubspot.net/hubfs/125770/Michael_E._Porters_Five_Forces_Model_E-Book [in English].
Doing Business. Retrieved from https://www.doingbusiness.org/en/doingbusiness [in English].
Ekonomichna Pravda. Doing Business-2020. Zavdyaky chomu Ukrayina pidnyalasya v reytynhu na 64 skhodynku. Retrieved from https://www.epravda.com.ua/publications/2019/10/24/652929/ [in Ukrainian].
Ukraine improved 7 positions and is ranked #64 (out of 190 States) in World Bank Doing Business 2020 report. Government portal. Official website. Retrieved from https://www.kmu.gov.ua/en/news/ukrayina-pidnyalasya-odrazu-na-7-punktiv-v-rejtingu-doing-business-2020-ta-posila-64-misce-sered-190-krayin [in English].
Index of Economic Freedom. Retrieved from https://www.heritage.org/index/ [in English].
Kostyuk, Viktoriia, & Yanchuk, Tetiana. (2019). Stratehiya formuvannya konkurentnykh perevah pidpryyemstva v suchacnykh umovakh rynku. Galician economik journal, 3 (58) [in Ukrainian].
Additional Files
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 Foreign trade: Economics, Finance, Law
This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0)