Handling biotech production's management during crisis in Ukraine

The paper discusses biotech economy issues and challenges for Ukrainian producers. Some of the most critical problems in Ukraine (within the biotechnology sector) are identified, as well as possible ways to solve them. The modern challenges facing the Ukrainian economy are both old and new: industrial development does not offer an easy choice. From now on, the introduction of new technologies (especially biotechnological ones) is a natural part of the overall strategy for overcoming the current global economic-ecological crisis, which could be caused by the discrepancy between the traditional technologies of the third and fourth technological order and economic-ecological conditions in general. Biotechnology, as the content center of the sixth technological order, resolves most of the existing ecological and economic contradictions by accelerating the evolution of nature in accordance with the development of society's needs. In the article, the proposed method of measuring changes in the production of high-tech manufacturers (market sectors), in particular, the mentioned trigonometric function, can become the main indicator of innovativeness both in theoretical and applied research, and in real entrepreneurial activity. Thus, the authors set a task in this study to analyze the management of the development of modern high technologies on the example of manufacturers of biotechnological products on the market of Ukraine. In the article, the authors considered a new method of evaluating the effectiveness of the innovative activity of producers (enterprises, clusters, economic sectors) to determine its value for use by real producers of the biotechnological sector and considered the conditions for applying this method. In this context, some of the most critical problems in Ukrainian economy (within biotech) were defined, some probable solutions were suggested.