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Managing Firm Competitiveness in Global Markets

Author

Listed:
  • Mark Gehlhar

    (Economic Research Service, USDA)

  • Anita Regmi

    (Economic Research Service, USDA)

  • Spyro Stefanou

    (Pennsylvania State University)

  • Barry Zoumas

    (Pennsylvania State University)

Abstract

The globalization profile of US food firms is mixed. US sales from foreign direct investment is now over six times the level of exports, while US processed food trade balance has moved from +$9 billion in 1995 to -$7 billion in 2004. Competitive forces drive firms to seek new areas of growth, with either portfolio expansion or penetration and expansion in new markets. Although the forces that weigh heavily on a firm are recognized, their influence in determining a firm’s action in choosing a particular strategy is not well understood. As the nature of food manufacturing is evolving and the operational scope of a food manufacturing firm has grown from local, to regional, national, and global, is there a new role for policy? What we do know is that a firm trades with other firms and that aggregate trade patterns do not fully reflect how firms view prospects, make decisions and factor in policies as they organize themselves for trade. Addressing the potential characterizations of competitiveness for the industry and the firm followed by the conflicting influences of R&D on competitiveness, we focus on what is meant by a global food firm with the use of the experiences of three industry case studies.

Suggested Citation

  • Mark Gehlhar & Anita Regmi & Spyro Stefanou & Barry Zoumas, 2006. "Managing Firm Competitiveness in Global Markets," Working Papers 0714, University of Crete, Department of Economics.
  • Handle: RePEc:crt:wpaper:0714
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    File URL: http://economics.soc.uoc.gr/wpa/docs/Managing_Firm_Competitiveness_in_Global_Markets.pdf
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    References listed on IDEAS

    as
    1. Andrew B. Bernard & J. Bradford Jensen & Peter K. Schott, 2009. "Importers, Exporters and Multinationals: A Portrait of Firms in the U.S. that Trade Goods," NBER Chapters,in: Producer Dynamics: New Evidence from Micro Data, pages 513-552 National Bureau of Economic Research, Inc.
    2. Bernard Hoekman, 2004. "Policies Facilitating Firm Adjustment to Globalization," Oxford Review of Economic Policy, Oxford University Press, vol. 20(3), pages 457-473, Autumn.
    3. Bernard, Andrew B. & Bradford Jensen, J., 1999. "Exceptional exporter performance: cause, effect, or both?," Journal of International Economics, Elsevier, vol. 47(1), pages 1-25, February.
    4. Andrew B. Bernard & J. Bradford Jensen, 1999. "Exporting and Productivity," NBER Working Papers 7135, National Bureau of Economic Research, Inc.
    5. John R. Baldwin & Wulong Gu, 2004. "Trade Liberalization: Export-market Participation, Productivity Growth, and Innovation," Oxford Review of Economic Policy, Oxford University Press, vol. 20(3), pages 372-392, Autumn.
    6. Andrew B. Bernard, 2004. "Exporting and Productivity in the USA," Oxford Review of Economic Policy, Oxford University Press, vol. 20(3), pages 343-357, Autumn.
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    Citations

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    Cited by:

    1. Mihaela Herciu & Claudia Ogrean & Lucian Belascu, 2012. "Leveraging tangible and intangible assets by using a possible firm competitiveness index," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 14(1/2), pages 115-124.
    2. Herciu Mihaela & Ogrean Claudia, 2011. "Interrelations Between Economic Freedom, Knowledge Economy And Global Competitiveness – Comparative Analysis Romania And Eu Average," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 6(2), pages 46-59, August.

    More about this item

    Keywords

    Competitiveness; Food Manufacturing; Globalization; Case study;

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • F2 - International Economics - - International Factor Movements and International Business
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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