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Foreign competition not a major concern to most controllers.

According to a nationwide survey of 3,500 members of the Institute of Management Accountants 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, followed by Western Europe (27%) and Southeast Asia (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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Copyright 1992, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Journal of Accountancy
Article Type:Brief Article
Date:Mar 1, 1992
Words:159
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