reserved for hifsa

EXPORTING AND IMPORTING; LEVERAGING RESOUCES IN PLANNING.

Name:

Instructor:

Course:

Date:

Exporting and Importing from United States

Technological innovations and advancement in telecommunication have changed the world. The change in the world has positively affected how organizations conduct their business operations (Baldwin, 2016). The improved business operations lead to optimization of resources and quality output. Producers benefit from optimization of resources and produce more goods that can meet the global demand. Consumer within different regions of the world using technology, can search and find the best producers and make a purchase online. Therefore, producers can export their goods and consumers can import goods (Baldwin, 2016). According to my understanding, Exporting is the process of shipping commodities from the producing country to a foreign country where the goods can be used for sale or trade (exchange with another product). Importing is the processing of obtaining commodities from a foreign country where they are produced. United States help her firms to plan for exports and importers to plan adequately through the provision of useful information provided using technology.

The United States Commercial services provide information to help United States exporters plan how they can export their goods to foreign countries. The information provided targets U.S firms that want to export their produce. There are four means through which the US Commercial service help American Companies to grow internationally; First, the exporter is exposed to and can find the top market in the world. Second, organizing events that help the exporters to create awareness and promote their commodities to buyers who are qualified. Third, the exporters get the opportunity and get to know distributors and buyers who are qualified. Fourth, the Commercial services provide counseling to the exporter throughout the whole process of exporting (United States Department of Commerce, 2017).

The US export starts by identifying a local export assistance office near his/her location and chooses the destination country. The export assistance offices have qualified international trade experts. The destination country is used to find the export information based on that country. The Export Assistance office prefer the export to start by contacting their local offices. Contacting the offices ensures the exporters gets relevant information and advice on the products and services that can be exported to the country of destination. The services in foreign countries are offered via US embassies and consulates that span in over eighty countries in the world. For instance, the office in Kenya is helpful with information regarding exports to Est Africa countries such as Uganda, Kenya, and Rwanda (United States Department of Commerce, 2017).

Leveraging resources in organizational planning

Organizational planning has two approaches; the long-term approach and short-term approach. The long-term approach focuses on strategies that will help the organization to meet the set objectives, that is, where the organizations want to be (Baldwin, 2016). On the other hand, the short-term plans help the organization to move step by step to achieve the set objectives, that is, performing activities and evaluation to determine if the organization is moving in the right direction. Some of the resources in both of the approaches can be leveraged (optimize the input and get high output at the same cost). Organizations leverage resources through the use of numerous sources of capital to raise the return on investment (Jeary, 2014). Leverage can happen in both long term and short term plans.

The first resource that a firm can leverage in short term plans is partners within the major activities. Each company has specific key processes regardless of the industry it operates in. These processes affect the activities within a firm that actualize the objectives. First, the process of manufacturing products and rendering services. Second, establishing demand for the products and services via customer relations, marketing and sales. Third, manufacturing, distribution and delivery process. Fourth, man the firm using technology, strategies, finance and human resources. The right partner will ensure the firm maximizes its costs and get higher sales revenue (Jeary, 2014).

A second resource worth leveraging in the short term is the means of sales. The firm can attain higher sales revenue using lower cost through optimization. In most cases, a firm will focus on marketing, sales collaterals, and reasonable prospect and attain very little sales. Leveraging to sales firms can raise the sales revenue at a cost less than the firm engaging in the whole process of making products and sales (Jeary, 2014).

The first long-term resources to leverage is the pricing strategy. A firm needs to be in a position to respond to changes in demand and quality of goods and services at affordable prices (Jeary, 2014). Therefore, there is a need to leverage so that a firm stays competitive and makes sales while meeting the user's expectations.

The second resource to leverage in long-term planning offered by the US Commercial Services via Export and Import Bank of US (Ex-Im Bank), Finance firms and Small Firms administration is financing strategy. It helps the firms to gain competition and make sales through competitive prices in the international market. Moreover that, the firm is exposed to reduced risks.

References

Baldwin, R. E. (2016). The great convergence: Information technology and the new globalization. Cambridge, Massachusetts : The Belknap Press of Harvard University Press.

Jeary, T. (2014). Leverage: A leader's answer to extraordinary results. Franklin, Tennessee : Clovercroft Publishing.

United States Department of Commerce (2017). U.S. Commercial Service. Retrieved from; http://www.buyusa.gov/