The investigation of the regional engineering industryґs competitiveness

Abstract

This paper reviews the status and features of the development of key sectors of mechanical engineering in the Republic of Udmurtia in an increasingly competitive and globalized economy. The dynamics of a number of key indicators of financial and economic activity has been analyzed. Basing on the analysis, negative trends indicating a weakening of the industrial enterprises in the region and established before the global financial crisis and the factors strengthening efforts of its negative impact have been revealed. These changes require from the management of the enterprises active action for strategic restructuring aimed at obtaining extra competitive advantages and ensuring further development. As a mechanism to overcome these phenomena, the use of a model based on the formation of integrated corporate structures of holding type, with additional benefits in today's global competition in the markets of industrial products and the forthcoming accession of Russia to the WTO has been suggested, allowing post-crisis development of the innovative scenario. As a result of the analysis of the dynamics and parameters of the structuring of the industry's key assets revealed that these transformations are carried out with participation of both big business and the state acting in this process in the name of state corporations.