Aviation industry management: objective and subjective risks

Abstract

The paper studies objective and subjective risks of the Ukrainian economy, in particular in the field of aircraft construction, and the transformation of industrial management. Objective risks we considered in connection with the processes of de-industrialization of the Ukrainian economy and the transformation of its structure, taking place over the past few decades. Subjective risks are considered in connection with the peculiarities of thinking, which have found their expression in the form of industrial management. We find that in the face of declining industrial volumes the administrative public management is aware of the need to develop the aviation industry and has an adopted Strategy for the Revival of Domestic Aircraft Construction. However, in the course of analyzing the control documents, we found that there is a known imbalance between real experience and the desired declarative intention. In this, we see the danger of subjective management risks. We see that due to the external market situation the subjects of Ukrainian industrial management have a small range of solutions. We hope for the implementation of creative, ambitious, and at the same time realistic organizational, functional, legal, scientific, and technical tools that will serve as drivers for new reindustrialization and social innovation.