The strategy of industry development as a factor of competitive advantages realization

• Salih A. Bayzulayev, Elmira G. Shurdumova, Zalina H. Gergova, Leyla M. Gusieva, Zarema N. Yagumova Department Economy and Finance

Palabras clave: Competitiveness, Strategy, Market, Industry.

Resumen

The study aims to investigate conceptual foundations of strategy of Russian industry development as a factor of competitive advantages realization on the international market via documentary and qualitative comparative analysis of previous works. The article substantiates that the economic viability and the efficiency of socio-economic development of the national economy always depends, first of all, on its competitiveness. In conclusion, the Russian mechanical engineering industry in its current state, characterized by a high degree of fixed assets depreciation, low productivity and weak innovative component of production, requires a more detailed approach to improve the competitiveness of its enterprises.