Date of Conferral
2023
Degree
Doctor of Business Administration (D.B.A.)
School
Business Administration
Advisor
John Bryan
Abstract
Foreign trade costs and regulations can lead to unfavorable business outcomes. Business leaders in firms engaged in global trade express concerns about the potential negative impact of foreign trade costs and regulations on revenues. Grounded in the resource-based theory of firms, the purpose of this qualitative multiple case study was to explore strategies some small medical devices and supplies business leaders use to mitigate foreign trade costs and regulations that reduce revenues. Participants were four business leaders of medical device and supply firms who reversed declining revenues. Data were collected using in-person semi-structured interviews. Through thematic analysis, four themes were identified: supply chain management, regulatory compliance, exploration of foreign market opportunities, and allocation of critical resources. A key recommendation is for business leaders to implement strategies for regulatory compliance to produce safe and quality products and to avoid unnecessary costs arising from non-compliance, such as regulatory fines and product recalls. Implications for positive social change include the potential to enhance the health and well-being of citizens in other nations and support the local community workforce.
Recommended Citation
Mugisa, Allan Dithan, "Strategies to Mitigate Foreign Trade Costs and Regulations that Reduce Revenues" (2023). Walden Dissertations and Doctoral Studies. 14742.
https://scholarworks.waldenu.edu/dissertations/14742
Included in
Entrepreneurial and Small Business Operations Commons, Medicine and Health Sciences Commons
