Foreign competition not a major concern to most controllers.According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a nationwide survey of 3,500 members of the Institute of Management Accountants The Institute of Management Accountants (IMA) is a professional organization headquartered in Montvale, New Jersey consisting of over 70,000 members worldwide. The IMA is dedicated to advancing the role of the management accountant and financial manager within the business controllers council, 38% expect foreign competition to have no effect on 1992 sales and profits for their companies. While 37% anticipate some erosion of profitability and 25% look for foreign competition to reduce sales, only 18% expect the negative impact on their businesses this year to be significant. Of those polled, 39% believe Japan presents the most significant international competitive threat to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , followed by Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). (27%) and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. (22%). Only 33% surveyed plan to expand into foreign markets in 1992, while 59% have no plans for ex porting. Another 8% are undecided. Of those who plan to move into foreign markets, 29% plan to expand into Western Europe, 20% are aiming for Southeast Asia, 16% are looking toward Eastern Europe, 14% are targeting South America and 12% will move into Japan. The remaining 9% are split among other regions. |
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