Economic Protection of Secure Operation and Development of Companies in the Rocket and Space Industry

Abstract

This article describes theoretical fundamentals and the most rational approaches to establishment of the economic protection system for business entities in the Russian space industry in the current geopolitical environment. This research focuses on non-stationary business environment, in which enterprises of the Russian rocket and space industry operate. The applied methods are based on the economic analysis theory and mathematical tools of the probability theory, project management theory, mathematical statistics, economic and mathematical modeling. The main features of the space industry (which is a high-tech industry) include huge innovation capacity, sophisticated system of pass-through financing from various sources, development and production within complete life cycle of high-tech products, high R&D costs as compared to the national resources. This article shows that sustainability of company’s operations depends on the company’s ability to adapt to changes in the external and internal business environment, to face such changes and to maintain a dynamic equilibrium of company’s operations in accordance with current and prospective goals and tasks. Based on the above, various approaches to operation and estimation of the integral indicator of financial and economic sustainability (security) of high-tech companies are considered and analyzed. The following risk management measures are offered for development planning in rocket and space companies: multivariate planning method and plans adjustment methods; financial resources provisioning method; evasion method, which rejects too risky projects.

DOI: 10.5901/mjss.2015.v6n4s4p414