short and concise note on Export Management and the Process of Managerial Control in Export:
20/June/2025 02:06
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Here is a short and concise note on Export Management and the Process of Managerial Control in Export:
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Short Note on Export Management
Export management refers to the systematic process of planning, organizing, coordinating, and controlling a firm’s export activities. It involves identifying international market opportunities, managing export operations, ensuring legal compliance, and maintaining profitability in foreign trade.
It ensures that export activities are aligned with the company’s international business strategy and objectives.
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Process of Managerial Control in Export
Managerial control in export refers to the process of monitoring and evaluating export operations to ensure efficiency, effectiveness, and goal achievement. It helps reduce errors, delays, losses, and legal issues in global trade.
1. Setting Export Objectives
Define sales targets, market share, profit margins, and delivery timelines.
2. Establishing Performance Standards
Set benchmarks for cost, quality, speed, compliance, and customer service.
3. Measuring Actual Export Performance
Track key indicators such as delivery time, payment recovery, order volume, and customer feedback.
4. Comparing Results with Standards
Analyze deviations between actual and planned performance.
5. Identifying Problems and Causes
Investigate issues in shipping, documentation, payments, or foreign regulations.
6. Taking Corrective Actions
Modify strategies, improve processes, or re-train staff to overcome deficiencies.
7. Continuous Monitoring and Feedback
Use reporting systems, audits, and feedback loops to ensure ongoing improvement in export operations.
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Conclusion:
Export management is vital for global business success. Through effective managerial control, exporters can ensure that their international operations are efficient, profitable, and legally compliant, helping them stay competitive in foreign markets.
