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Implementation of strategic analysis methods to choose a development strategy for the enterprise’s foreign economic activity

Sciprofile linkGalyna Azarenkova, Olena Golovko, Kateryna Oryekhova, Sergii Yavorsky
Geopolitics under Globalization , Volume 3, pp 1-11; doi:10.21511/gg.03(1).2020.01

Abstract: The article considers stages and methods of strategic management of the enterprise’s foreign economic activity. PEST analysis, SWOT analysis and SPACE analysis of foreign economic activity are used on the basis of a particular enterprise. PEST analysis has highlighted political and legal, economic, social and technological factors influencing the foreign economic activity of the analyzed enterprise. SWOT analysis has allowed identifying strengths, weaknesses, opportunities and threats of the enterprise. SPACE analysis has revealed that in the absence of growth in the services market, the use of a strategy for the enterprise diversification is acceptable. This strategy involves the creation and development of new services. Therefore, it is necessary to constantly monitor the activity of the enterprise in the international economic environment.
Keywords: SWOT / pest / space analysis / strategic / Foreign Economic Activity / strategy for the enterprise

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