Abstract
It is obvious that any innovative activity is associated with risk, but the functioning of Russian innovative companies is the subject to even greater uncertainty. It is due to the lack of government support, the difficulty of forecasting the Russian economy, the influence of external factors, etc. Uncertainty in the context of sustainable development is a source of risk, and it should be reduced by obtaining information, at best, trying to lower uncertainty to zero by obtaining reliable and accurate information. The purpose of this study is a qualitative assessment of the innovative project’s risks of various types of activities implemented in the Republic of Tatarstan. The author conducted an expert survey in the field of innovative economics: representatives of business and science. The expert survey covered the following main areas: qualitative risk assessment of a group of innovative projects and the potential impact of risks on the formation of management strategies that integrate risk management methods that companies plan to use. According to the results of the analysis of the expert survey, it is clear that for innovative projects in the service sector, the most dangerous are marketing, organizational, credit and technical risks. The technical risk is the most critical for innovative projects in the manufacturing industry, as well as the marketing, natural and climatic risk and the risk of lost. As for the extractive industry, technical and natural-climatic risks have the highest probability of occurrence.
Highlights
The formation of a sustainable economy is associated with innovation process, which in turn is related to risks caused by uncertainty of results, variability of goals, etc
The authors of the article «Risk management in small hydropower (SHP) projects of Uttarakhand: An innovative approach: Risk management in small hydropower projects» think that despite the huge investment potential in the small hydropower (SHP) sector, investors are not very enthusiastic about investing in the sector owing to the uncertainty associated with project costs
The author aims to a qualitative assessment of the innovative projects risks of various types of activities implemented in the Republic of Tatarstan, as well as the identification of the most significant types of risks by project groups [10]
Summary
The formation of a sustainable economy is associated with innovation process, which in turn is related to risks caused by uncertainty of results, variability of goals, etc.Firstly, it is even more dangerous to invest in Russian innovative projects, since there is practically no tax relief for innovative companies in the national innovation system. The risks of investing in innovation are related to the fact that the successful completion of the innovation process in Russian conditions is almost impossible to guarantee. Empirical evidence reveals several routes of effects useful to trigger external new service performance or market success, and internal new service performance, or the satisfaction, motivation, and commitment of front-line employees [9]. In this way, the author aims to a qualitative assessment of the innovative projects risks of various types of activities implemented in the Republic of Tatarstan, as well as the identification of the most significant types of risks by project groups [10]
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