IMPROVING METHODS FOR INCREASING PRODUCT EXPORTS THROUGH THE DIVERSIFICATION OF INDUSTRIAL ENTERPRISES’ ACTIVITIES
Keywords:
diversification, industrial enterprises, export potentialAbstract
This article examines the ways to improve methods for increasing product exports through the diversification of industrial enterprises’ activities. The study highlights the role of diversification in enhancing competitiveness, reducing production risks, and expanding export potential in both domestic and international markets. Special attention is paid to the introduction of innovative technologies, modernization of production processes, development of new product types, and adaptation to global market requirements. The article also analyzes economic, organizational, and institutional factors influencing export growth through diversification. Based on the analysis, practical recommendations are proposed to improve export-oriented industrial development and strengthen the position of industrial enterprises in foreign markets.
References
1. Ansoff, H. I. (1957). Strategies for diversification. Harvard Business Review, 35(5), 113–124.
2. Porter, M. E. (1990). The Competitive Advantage of Nations. New York: Free Press.
3. Kotler, P., & Keller, K. L. (2016). Marketing Management. Pearson Education.
4. UNIDO. (2020). Industrial Development Report. United Nations Industrial Development Organization.
5. World Bank. (2021). Exports and Competitiveness in Developing Economies. World Bank Publications.
6. Krugman, P., Obstfeld, M., & Melitz, M. (2018). International Economics: Theory and Policy. Pearson.