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TRINITY OF DEFENSE INDUSTRY.

Authors :
TAKSÁS, Balázs
Source :
Economics & Management (1802-3975); 2019, Issue 1, p70-77, 8p
Publication Year :
2019

Abstract

Defense Industry has to perform three fundamental functions: 1. Providing buyers with services and products of suitable technological standards. 2. Manufacturing its products and services on a marketable price. 3. Ability to maintain its production in both peacetime and wartime. Consequently, the elements of the Trinity of Defense Industry include technological level, competitveness and security of supply. However, it is becoming more and more difficult to meet all criteria concerning both the present times and the future. In this article I am going to emphasize the importance of these three critical factors and demonstrate a few challenges which are making it difficult for defense industry to perform its function of supporting the operation of military forces without any errors. I am not seeking to find answer nor solution for these challenges shaking the defense industry, cause even more talented experts in the industry can't do it. I just draw up some changes characterizing our defense industrial environment. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
18023975
Issue :
1
Database :
Complementary Index
Journal :
Economics & Management (1802-3975)
Publication Type :
Academic Journal
Accession number :
138683720