Importance of the international standardization of management in the activity of the machine-building complex

This article is devoted to application of the method of determination of the geographical focus of integration of the international standards of management and financial reporting on the example of the machine-building complex facilities (instrument-making). The result of the methodology application determines the direction of development of the IMS (international management standards) and IFRS (international financial reporting standards) in the industry. The level of standardization in theindustry affects development ofinvestment policies. To determine the direction of integration, the article highlighted majorindicators, the total change of value of which allowed determining the possible direction of the integration process. The purpose of identifying the direction of IMS and IFRS integration is to attract investment and, consequently, to improve the competitiveness of the industry.

machine-building complex, instrument-making, competitiveness, rate of error, investment, international standards of management, key performance indicators, level of approximation, correlation coefficient