The Theoretic-Methodical Aspects in Management of Foreign Economic Activity of Ukrainian Economic Entities

Abstract

The article examines the theoretic-methodical aspects of management of foreign economic activity by economic entities in Ukraine. It is specified that foreign economic activity has a huge impact on the development of all world countries. The practice of recent decades justifies the expediency of expanding the participation of all countries in various forms of international business and cooperation. From this point of view, all globalization processes are consistent, since the economic interdependence of countries in terms of solving economic and social issues increases year after year. As to their content, the methods of management of foreign economic activity be identified similar to the main functions of management: planning, motivation, control, organization, regulation. They are divided into economic, administrative, social, psychological, technological, legal methods, which act in practice by means of certain instruments. It is noted that when planning foreign economic activity, the operational determination of problematic issues arising during the activities of the economic entity allows to quickly respond to changes in both the internal and the external environment of the enterprise business conduct. Also, it is important to have separate units at the enterprises for carrying out controlling of foreign economic activity; analysis of the processes of planning and accounting of the major indicators of foreign economic activity, which will provide an opportunity to solve existing economic and organizational problems, eliminate disparities in planning and obstacles within the information collection systems, to form a group of indicators of foreign economic activity of the economic entity, etc. It is concluded that achieving the efficiency of foreign economic activity management should, first of all, be based on the adaptation of the enterprise to the requirements of the international market and the prompt definition of problematic issues that arise during the activity, which allows to quickly respond to changes both in the internal and external environment of conducting business and in the conditions for foreign economic activity.

Keywords

• management
• foreign economic activity
• economic entity
• efficiency