Page 64 - Azerbaijan State University of Economics

Gulbaniz T. Aliyeva: The issues related to formation of competitive structure of industry in Azerbaijan

is due to the fact that the development of production with high technological level

depends on technological development of related industries. Therefore the

development of industries technically supporting other related industries is very

important. The government should realize encouragement of internal demand,

encouragement and regulation of export, encouragement of technological

development, application of optimal government partnership in strategic sectors,

support of cluster development, direct investment support of strategic industries,

tax allowances, attraction of foreign capital and etc (Economic issues, 2012: 144).

Major part of the Companies operating in Azerbaijan is remaining from the

Soviet period. Therefore the fixed assets available in these companies are not

updated. In such conditions these assets require the significant improvements.

Nowadays the major part of the companies does not use the strategic management.

The absence of development strategy limits their opportunities of success.

Therefore, application of market strategies, identification of competitive

advantages and evaluation of market positions is essential for the local companies.

The role of the management in industrial companies

The efficiency of the production and administrative operations of the company

depends in level of the management. This level is valued by the quality and

professionalism of the management. In market conditions when there is lack of

professional managers in the country, the attraction of professional managers for

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