The Strategy of adapting to the opening of free trade within the ASEAN Economic Community of the enterprises in Kaysaonephomvihan District and Outhomphone District, Savavakhet Province

Adaptation Strategies, ASEAN Economic Community, Motivates, Five forces competitive pressures

Authors

  • Khamkeo Manivong Faculty of Business Administration, Savannakhet University, Savannakhet, Lao PDR Author
  • Mithsy Syhachack Faculty of Business Administration, Savannakhet University, Savannakhet, Lao PDR Author
  • Tangsamay B oubphanakhone Faculty of Business Administration, Savannakhet University, Savannakhet, Lao PDR Author
  • Viengxaysomphone Keolakotphosy Faculty of Business Administration, Savannakhet University, Savannakhet, Lao PDR Author

DOI:

https://doi.org/10.71026/lss.2024.02004

Keywords:

Adaptation Strategies, ASEAN Economic Community, Motivates, Five forces competitive pressures

Abstract

The analysis of adaptive trade liberalization strategies in the ASEAN Economic Community of Entrepreneurs had conducted by using a quantitative study with the interviews of 180 research groups. The entrepreneurs commented that free trade facilitates increased efficiency and competitiveness, reducing competition opportunities. Comparing the opinions of entrepreneurs by type of enterprise, it was found that: The form, model, mechanism, and scope of different enterprises did not have the level of behavior on business incentives in terms of customer recruitment and market share expansion at a statistical level of 0.05. The results of the test of the relationship between the five stresses of competition found that: The pressure on competition with existing competitors, potential competitors, buyers of goods / services, goods / services, substitutes and sellers, each factor has a Sig value greater than 0.05.

© 2024 Center for Scientific Journal Promotion

 

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Published

2024-12-30

How to Cite

The Strategy of adapting to the opening of free trade within the ASEAN Economic Community of the enterprises in Kaysaonephomvihan District and Outhomphone District, Savavakhet Province: Adaptation Strategies, ASEAN Economic Community, Motivates, Five forces competitive pressures. (2024). Lao Social Sciences Journal, 1(2), 32-36. https://doi.org/10.71026/lss.2024.02004

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