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Government Influence On Trade - I-1
Government Influence On Trade - I-1
Government Influence On Trade - I-1
Government needs to act as a facilitator and create a positive environment that will enable and enhance TRADE and BUSINESS Internationally This is possible only if a Country or a Region having proper integrated co-operation works towards common goal and success For example when European Countries started facing crisis most of them came together to form EU OR when JAPAN was destroyed completely it could revive within no time to be one of the few strong economies with world class infrastructures during
INFRASTRUCTURES
ICDS CFS CONTAINER TRAINS SEA PORTS AIRPORTS NATIONAL HIGHWAYS STATE HIGHWAYS POWER SUPPLY WATER SUPPLY PROXIMITY SKILLED AND UNSKILLED LABOR AVAILABILITY OF PROFESSIONAL STAFF
MOTIVATION LEVELS
EXCEPTING IN THE CASE OF CAPITAL MARKETSIN INDIA THIS HAS NO MUCH RELEVANCE TO GLOBAL / ECONOMIC FUNDAMENTALS AS WE HAVE BEEN OBSERVING AGRICULTURE SECTOR AND MANUFACTURING SECTORS HAVE BEEN PERFORMING BADLY SINCE MANY YEARS AND GOVERNMENT PRESENT OR PAST HAS NOT TAKEN ANY INTIATIVES TO LOOK INTO THE DETAILS THROUGH BUDGETS AND VARIOUS PLANS OF PLANNING COMMISSION MANY SCHEMES AND FUNDS ARE ALLOCATED SINCE INDEPENDENCE BUT GROUND REALITY TURNS OUT TO BE SOMETHING DIFFERENT SERVICE SECTOR HAS BEEN PERFORMING TO AN AVERAGE EXTENT BUT IN AN HIGHLY RISKY ENVIRONMENT
SINCE LAST 2 YEARS THERE HAS BEEN MAJOR CRISIS AND ORGANISATIONS LIKE INFOSYS, TCS, MANUFACTURERS, ETC FROM SERVICE SECTOR HAS FACED TREMENDOUS LOSSES DUE TO CURRENCY FLUCTUATIONS AND LOSS IN EXPORT EARNINGS DUE TO US $
GOVT. ALSO WENT TO THE EXTENT OF SPENDING MONEY FROM BOP/GDP BASKET TO BRING BACK THE US$ v/s RS. CONVERSION
UNIFIED CHAIN
The significance of Porters contribution lies in the fact that he views the whole business task as a unified chain meant to deliver value to the customer According to Porter : There is great need to look beyond the Product and Group the Function while defining a business, to go beyond the natural boundaries to potential international competition and to go beyond the ranks of ones competitors of today to those that may become competitors tomorrow And it is as a result of these urgings that the proper definition of a companys business has become an endlessly debated subject
Product Adaptation
1. 2. 3. 4. 5. 6. 7. 8. 9.
The product is properly modified to suit the environment of the foreign market Important factors which necessitates such product modifications for the foreign market vis--vis the domestic market are : Differences in consumer tastes-preferences, etc Conditions of use of the product Use facility characteristics Use or need satisfaction Cultural environment Natural environment, like geo-physical characteristics, weather/climatic conditions, etc. Regulatory environment Income levels and standard of living Competitive environment