Abstract
Introduction. The reform of railway transport radically changes forms and methods of business process management. This reform of JSC "Russian Railways" affects all levels of management and all types of activity. The key method of reform realization is competition development in the sector of railway transportation. Purpose. The purpose of the article is to identify possibilities of railway transport competitive advantages development as a result of strategic innovations conception applying. In the paper are considered: features of railway transport innovative development; strategic innovations conception as a base of corporation growth and decline of competition level as a result of new business models; directions and volume of financing of innovative process in JSC "Russian Railways"; technological providing of company’s innovative strategy realization. Methodology. For achievement of the research purpose general scientific methods were applied, such as: system approach, analysis and synthesis, comparison. Results. In the article main directions of railway transport development according to innovative strategy of JSC "Russian Railways" are considered. The alternative way is realization of strategic innovations conception. Practical importance. Strategic innovations conception which described in the article may be used in JSC "Russian Railways" when changing of strategic aims and priorities of company development. Conclusion. In the conditions of modern market enterprises and companies have to search new management forms and methods to provide their competitive advantages. Railway transport dev elopement strategy supposes rolling stock updating, rising of transportation services quality, efficiency and safety, building of new railway lines and transport infrastructure modernization. For JSC "Russian Railways" in this context the main perspectives are development of human resources potential, assing to innovative development. Strategic innovations conception is one of the ways of company’s competitivenessand efficiency increasing, having a perspective of practical application.
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