Choosing the Direction of Development of Foreign Economic Activity for Enterprises in the Aviation Industry

The article is aimed at studying the existing approaches to the development of foreign economic activity (FEA) of enterprise, elaborating the procedure of its management in order to determine the direction of development of FEA of enterprises in the aviation industry of Ukraine. The authors have developed, formalized and visualized a phased mechanism of choosing the direction of development of FEA for enterprise, according to the method of functional modeling. The obtained instrument was used to determine the direction of FEA development for a typical enterprise in the aviation industry. Features of the aforementioned enterprise have been allocated, a suitable set of development directions has been selected, a reasoned procedure of implementation of activities on development of foreign economic activity at the enterprise has been analyzed and determined. Prospect for further research in this direction can be implementation of the mechanism at the enterprises of other industries, refinement of the instrumentarium for each stage of the process according to their features and needs