ANALYSIS OF THE LATEST DATA NEED FOR STRATEGIC PLANNING AND DEVELOPMENTS IN AVIATION

Keywords: strategic planning, aviation industry development, latest data, global market, global development

Abstract

The article is devoted to the analysis of current data necessary for strategic planning and development of the aviation industry. The main processes of strategic planning of the aviation industry are analyzed, which include: definition of goals and strategies; market analysis and competitiveness; financial planning; organizational structure and analysis of personnel management; technical development; risk management. The uniqueness of this study is justified by the latest data on the development of the world market of the aviation industry, which is confirmation of the importance of all presented processes necessary for strategic planning and development of the aviation industry. It was determined the list of the latest data needed for strategic planning and developments in aviation would be based on: the analysis latest data needed for strategic planning and development of aviation use; market trends and forecast; regulatory updates; competitor analysis; technological advancements; financial performance metrics; environmental impact assessments. The research concludes how to use the latest data for strategic planning in the following processes: making investment decisions, resource planning, and risk management, analysis of passenger flow data and market demand, flight schedules, receive information about delays and cancellations; combine multiple data sets such as schedules, status, and booking data, to get a unique 360-degree view of the air travel landscape; interdepartmental cooperation; security based on access; global analysis of competitors; analysis of all flights worldwide. Analysis of the current statistics of the aviation industry has proved that the rapid change of factors such as market competition, changes in the global economy, technological innovation and regulation, which were previously more stable, necessitates a rapid response and revision of strategic plans for the development of the aviation industry. It is proved that only a constant analysis of the latest strategic planning data can help airlines adapt to these changes, predict future trends and develop sustainable development strategies.

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Published
2024-07-29
How to Cite
Ilienko, O., Lysiutin, I., & Lytvynchuk , A. (2024). ANALYSIS OF THE LATEST DATA NEED FOR STRATEGIC PLANNING AND DEVELOPMENTS IN AVIATION. Economy and Society, (65). https://doi.org/10.32782/2524-0072/2024-65-119
Section
MANAGEMENT