Abstract
In the context of economic ties globalization the economic actors in the certain region play a role of the agents participating in improving performance, obtaining positive dynamics of regions development and new job formation. Innovative development will make possible to increase competitive advantage both of the regions and of the country as a whole. The Republic of Tatarstan innovative development is based on maximization of inner potential in economic development of the territory as a result of competitive advantage intensification within the frames of the effective market institutions, the state support in the field of research and technology innovations, formation of techno parks and technology incubators. The program of the region innovative development implies clusters forming and further evolving on the basis of petrochemical sector enterprises, educational and research institutes located on the territory of Tatarstan. DOI: 10.5901/mjss.2015.v6n1s3p183
Highlights
MethodMost studies show that differences in profitability within industries are much more important than differences between industries
The key to a resource-based approach to strategy formulation is understanding the relationships between resources, capabilities, competitive advantage, and profitability – in particular, an understanding of mechanism through which competitive advantage can be sustained over time
Innovation process influences on the quality of tne product due to value based category. In this view quality is jointly determined by the product's conformance to specifications and the price of attaining that product. [13]
Summary
Most studies show that differences in profitability within industries are much more important than differences between industries. Innovation process influences on the quality of tne product due to value based category. In this view quality is jointly determined by the product's conformance to specifications and the price (cost) of attaining that product. The process of identifiable (tangible) assets value creation in innovative economy makes no problem and is identified with such categories as efficiency (profitability) and capital cost. Nowadays competitive advantage of industrial enterprises become more and more dependent rather on the senior management and staff’s capacities for elaboration and implementation of product, technology and managerial innovations than on disposable capital resource level and material assets. Key contribution to companies’ competitive advantage provision is made by their innovative potential which, in its turn, is to a greater extent dependent on knowledge-consumptive business environment. Indicators Persons with higher vocational education aged 20-29 in total population per 1000 people Persons with post graduate education aged 25-64 in total population per 1000 people R&D spending in Gross Regional Product, % Public expenditures for education in Gross Regional Product, % Enterprises’ expenditures for innovations in the amount of shipped goods of their own production, %
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