Development Of High-tech Enterprises Research Articles

Development of High-Tech Enterprises in an Era of Transformation

Development of High-Tech Enterprises in an Era of Transformation

Analysis of Industrial Intellectual Property Operation Service Platform Construction Based on the DART Model

Abstract Business efficiency plays an essential role in the development of high-tech enterprises. This paper uses DART's value-sharing theory to study enterprises from three aspects. Then this paper uses the method of DEA and DART to analyze the business performance of high-tech enterprises in 30 provinces and cities. Research indicates that the overall management efficiency of the Chinese high-tech industry is poor. There is no apparent positive correlation between the business efficiency of each sector and the local economic situation. Finally, the paper gives some countermeasures according to the conclusion of the evaluation.

FACTORS OF VENTURE CAPITAL INVESTMENT ACTIVATION

The relevance of the topic consists in the fact that due to limited start-up capital, high risk and uncertainty about profitability, lack of experience and, consequently, a positive credit history, venture capital is recognized as the main source of financing the development of many companies in the early stages. The purpose of the paper is to prove the hypothesis of the determining influence of fiscal factors of stimulation of research and development and a set of stable economic and political preconditions for expanding the presence of venture capital in the country. Based on the data of twenty European countries for 2007-2019 (260 observation points), a regression dependence of the amount of invested venture capital on tax preferences in research and development, research and development costs and country risk was constructed. The assessment of the parameters of the created regression model made it possible to prove that it can be used for forecasting volumes of investment of venture capital at the change of the factors of fiscal policy and reduction of macroeconomic risks. The directions of activation of venture financing for the countries are formed: for the development of high technologies and the implementation of innovative ideas, the state should apply tax benefits and preferences for research activities of small and medium enterprises; expansion is necessary for state support for innovation through the consolidation of state and local budgets on research programs, the creation of research and production clusters, technology incubators, support for individuals in their innovation initiatives; the high risk of the country not only leads to a decrease in the inflow of foreign venture capital: domestic investors will withdraw their venture capital and direct it to countries where the political and economic situation is more stable, which further deepens the economic shocks of the national economy and leads to political ones. The implementation of these measures will promote the development of high-tech enterprises, job creation in the country by overcoming the problem of limited financial resources through investment of venture capital. Key words: venture capital, factor, fiscal policy, risk, model. JEL Classification: Formulas: 0; Fig.: 0, Tables: 4, Ref.: 15.

Effects of Economic Policy Uncertainty on the Investment Behavior of Venture Capital Institutions: Evidence from China

Venture capital (VC) has played an important financial supplementary role in the development of high‐tech enterprises. With the intensification of economic policy uncertainty, VC investment behavior has been affected to a certain extent. Under the framework of the impact of economic policy uncertainty (EPU) on general corporate investment behavior, this article examines the impact of EPU on the investment behavior of VC institutions from four aspects, namely, investment quantity, investment phase, investment industry, and investment region. The study finds that in China, EPU has a good news effect, and its intensification can boost the investment quantity of VC institutions and stimulate institutions to choose more specialized investment strategies in terms of investment phase, investment industry, and investment region. The impact of EPU on the investment behavior of VC institutions changes with the investment state of the institutions. The larger the investment quantity of the VC institutions, the greater the promotion effect. VC institutions with a higher degree of investment concentration will pay more attention to specialized investment strategies.

State Regulation of Investment and the Development of High-Tech Enterprises

The influence of state regulation of investment on the national economy is considered. Special attention is paid to the legal framework for investment. Tools of state intervention in investment are identified, as well as approaches requiring both internal and external outlays.

“Chip War” Enlightenment: The Effect of Value-added Tax on Investment and Research and Development of High-tech Enterprises

In the trade war between China and the United States, the competitive position of high-tech industries has become increasingly prominent. We examine how high burden of China’s value-added tax (VAT) in high-tech industry affects firms’ investment, R&D, and innovation. Study shows that: (1) the reduction of VAT tax burden significantly promoted business investment, R&D investment and technological innovation; (2) the "deductible" and "return" policies also significantly increased such activities (3) among the "chip" firms, the reduction of VAT has a significant positive effect on business investment; but its impact on technological innovation and R&D expenditure is not significant.

Influence of government subsidy on high-tech enterprise investment based on artificial intelligence and fuzzy neural network

Government subsidies have an important impact on the development of high-interest technology companies and technological innovation. In order to study the relationship between government investment and the development of high-tech enterprises and technological innovation, based on artificial intelligence and fuzzy neural network, this paper builds an analysis model based on artificial intelligence and fuzzy neural network. According to the operation of each loop, this study designs a scheduling strategy that dynamically allocates network utilization according to the dynamic weight of the loop, and periodically changes the sampling period of the system, so that the system can not only run stably but also maximize the use of limited bandwidth. The network resource allocation module allocates the available network bandwidth of each control loop according to the dynamic weight of each loop, and the sampling period calculation module calculates a new sampling period based on the allocated network utilization rate. In addition, in this study, the performance of the model constructed in this paper is analyzed through empirical analysis. The results of the study show that the model constructed in this paper is effective.

Research on the Path of Reverse Innovation: A Case Study of High-tech Industry Latecomer Firms in China

With the economic slowdown in developed countries and the rise of emerging economies, reverse innovation from developing countries has had a profound impact on the global changes of multinational companies. As a global innovation diffusion model, it plays a vital role in the late stage of company innovation catch-up. Reverse innovation is about to become an important means to international competition, so exploring how to effectively carry out and implement reverse innovation is of great guiding value to the management practice of multinational companies. First of all, this article reviews the relevant literature on reverse innovation and introduces the research status of this topic. Based on this, through a vertical case study of three representative companies in China's high-tech industry (Huawei, Galanz and Mindray), the article explores the innovation and development process of their products from three stages of imitation innovation, independent innovation and leading technology, and summarizes the three companies in reverse innovation success path. Finally, according to the successful experience of the case, the article puts forward suggestions to promote the development of high-tech enterprises from three aspects of expanding emerging markets, improving independent innovation ability and actively using policy resources, providing reference and inspiration for enterprises to improve innovation ability and accelerate internationalization process.

FORECASTING OF INNOVATIVE ACTIVITY DEVELOPMENT AT THE HIGH-TECH ENTERPRISES

The article is devoted to the research of scientific prediction, or foresight, for forecasting of innovative activity development of high-tech enterprises. The general technology of foresight research is described. The application purposes and directions of such technology in the study of innovative activity of domestic high-tech branches are singled out. The foresight procedure at high-tech enterprises is developed.

The Review Of Changes In The Russian Science And Technology Legislation From April To September 2019

This article reviews Russian legislation in the science and innovation field adopted from April to September 2019. It is divided into the following topics: •science, technology and innovation policies; •integration of science and education; •intellectual property in science and innovation. Presented documents have been passed in the form of federal laws and subordinate acts, particularly, in the form of presidential decrees, government resolutions and ministerial decrees. The most important decisions include the abolition of territorial restrictions and restrictions on areas of activity for residents of the Skolkovo center by the Federal Law No. 298-FZ of 02.08.2019, which should help increase the number of project participants, as well as the development of high-tech enterprises in the regions; the approval of the Federal Research Program for Genetic Technologies Development by the Decree of the Government of the Russian Federation No. 479 of 22.04.2019, which is aimed at accelerating the development of genetic technologies in the country, including genetic editing technologies, and the foundation of scientific and technological groundwork for medicine, agriculture and industry, and also improving measures for the prevention of biological emergencies and control in this area. Special attention should be given to the singing of the agreement between The Government of Russian Federation and The Russian Direct Investment Fund regarding the development of artificial intelligence technologies. The purpose of the agreement is to help Russian companies specializing in this field enter international markets and also for Russian Federation to achieve one of the leading positions in the global market in this field.

ОСОБЛИВОСТІ ФІНАНСОВОГО МЕНЕДЖМЕНТУ НА АВІАБУДІВНИХ ПІДПРИЄМСТВАХ УКРАЇНИ

У статті розглянуто особливості проблематики та здійснення фінансового менеджменту вітчизняними підприємствами авіабудування. Висвітлено особливості стану та перспектив розвитку авіабудівної галузі України та окреслено її проблеми. Серед них: відсутність серійного виробництва, руйнування ринку комплектуючих для авіатехніки, не систематичність державного управління підприємствами, тривала відмова від оновлення основних фондів.Проаналізовано фінансово-економічний стан одного із суб’єктів галузі (Харківського державного авіаційного виробничого підприємства), на основі чого визначено можливі шляхи розвитку літакобудівних підприємств. Зокрема наголошується, що відновлення галузі можливе за умови широкомасштабної модернізації виробничих потужностей та реструктуризації наявних боргів, що погіршує їх інвестиційну привабливість. Одним з проблемних факторів названо вимивання обігових коштів на невиробничі цілі, яке має бути зупинене шляхом виконання завдань фінансового оздоровлення підприємств галузі в рамках єдиної стратегії розвитку.Враховуючи особливості та потреби галузі вітчизняного авіабудування визначено, що стратегія фінансового менеджменту має ґрунтуватись на необхідності забезпечення швидкого переходу до рентабельного виробництва. Серед джерел фінансування, які мають забезпечити антикризову стратегію, названо наступні: іноземні інвестиції та спільне виробництво за наявності державних гарантій.У статті робиться висновок, що причини кризи на підприємствах вітчизняного авіабудування мають системний характер і потребують глибокого переосмислення такої функції держави, як ефективне управління і адекватний розвиток специфічних державних активів, а саме – розвитку високотехнологічних підприємств зі значною часткою інтелектуальної складової. Враховуючи наведені в публікації дані щодо поточного стану підприємств авіабудування, лише дієва реструктуризація з частковим списанням заборгованостей, ріст яких і викликав необхідність здійснення фінансової санації, дозволить почати шлях інноваційного розвитку та ефективного фінансового менеджменту. Невідкладним першим кроком задля виходу із ситуації можна вважати принципову реорганізацію великих підприємств та створення нових, невеликих і компактних, за світовими стандартами, які будуть створювати літаки лише конкретних моделей відповідно до ринкового попиту.

Key performance indicators of high-tech enterprises

In the conditions of the transition to innovative development and digital economy, the unconditional priority is shifted to restoration and transformation of high-tech enterprises. The stability of their strategic developing greatly depends on the efficiency of their business activity and the system of the enterprise strategic management. This article defines the basic performance indicators of high-tech enterprises, the particular features of the system to evaluate the efficiency of strategic management of a high-tech enterprise: innovative, scientific-technological and intellectual potential. On the basis of the analysis of the methods widely used all over the world, we developed a system key performance indicators to evaluate the efficiency of high-tech enterprises, with consideration of particular features of operation and development of high-tech enterprises, to enable evaluating the efficiency of their business activities and management through analyzing the inter-related financial and non-financial performance indicators. The practical implementation of this system will make it possible for high-tech enterprises to form a data base for making strategic solutions to ensure competitive advantage of these enterprises and, as a consequence, facilitate their steady development.

A REVIEW OF THE BASIC ELEMENTS, ORGANIZATIONAL AND THEORETICAL FOUNDATIONS OF WORK-BASED LEARNING (WBL) IN THE HIGHER EDUCATION

The aim of the study is to review basic elements, organizational and theoretical foundations of work-based learning (WBL) in the higher education, based mostly on the experience of higher education institutions in the United Kingdom. Methodology and research methods. The methods of system and comparative analysis, synthesis and generalization are used. Results . This review article summarizes briefly: the social attributes of students who prefer to complete WBL programs; relevant requirements of employers to the quality of training; a new university policy on the management of training, and its contribution to the creation of innovative educational environment at workplaces; overcoming challenges when establishing long-term partnerships between universities and enterprises; organizational and theoretical foundations of the WBL study programs. A number of critical remarks on WBL study programs are being analyzed. Authors make a point about the importance of a transdisciplinary shell framework to facilitate learning driven by the interests of the learner(s). When carrying out the review, authors refer also to the experience of other English-speaking countries (Australia and the USA), which also successfully develop the concept under consideration. Scientific novelty . For the first time an analytical review of basic elements, organizational and theoretical foundations of work-based learning (WBL) in the higher education, which is widespread in English-speaking countries over the last 25 years, is presented in the Russian scientific literature in education. Practical significance. The materials provided in the article can be useful to managers and teachers of higher education institutions, methodologists of higher and vocational education providers and departments of professional development of High-Tech enterprises.

ПРОБЛЕМЫ ФОРМИРОВАНИЯ И РАЗВИТИЯ ИННОВАЦИОННОГО ПОТЕНЦИАЛА ВЫСОКОТЕХНОЛОГИЧНЫХ ПРЕДПРИЯТИЙ

ПРОБЛЕМЫ ФОРМИРОВАНИЯ И РАЗВИТИЯ ИННОВАЦИОННОГО ПОТЕНЦИАЛА ВЫСОКОТЕХНОЛОГИЧНЫХ ПРЕДПРИЯТИЙ

Innovation project value assessment methodology for high-tech enterprises

In the current economic conditions, the innovation project value assessment is a driving force of innovation system development of high-tech enterprises. Innovation projects value assessment is a crucial determinant of technologically advanced industrial enterprises competitiveness in the world market. Therefore it is important to identify the factors that influence on selection of innovation project value assessment methodology for high-tech enterprises. The aim of this paper is to select the innovation project value assessment methodology for high-tech enterprises, that would satisfy their features and to offer the approaches to innovation project value assessment in case of unsuitability of reviewed methodologies. The analytic hierarchy process and fuzzy inference method is used as methods of decision-making in this paper.

Study on Technological Innovation Model of High-Tech Manufacturing Enterprise

High-tech enterprises are established on the basis of high technology, technological innovation is the premise of survival and development of high-tech enterprises. In this paper, it summarizes the academic situation of technological innovation mode. At present, the research on the definition and characteristics of high-tech enterprises, technological innovation and technological innovation mode are mature, but in some other aspects the research is insufficient. For example, research on the relationship between high-tech enterprises and different innovation mode. Also, scholars focus on qualitative analysis, and seldom do quantitative empirical research.

A Fuzzy Approach for Knowledge Management of High-Tech Enterprises

Knowledge management is an important measure to the development of High-tech enterprises and is the core competitive advantage of small and Medium High-tech Enterprise. This paper constructs a new fuzzy approach for evaluation to knowledge management with rationality, objectivity and operability. Finally, We present illustrative example to demonstrate the approach.

Impacts of Venture Capital on Development of Sichuan High-Tech Enterprises

The international financial crisis is encouraging new science and technology revolution and industrial revolution. To accelerate the transformation of economic development mode is urgent. We must pursue for an innovative development. Venture capital will play a greater role in the process. In this paper, authors start from describing the current development of venture capital and high-tech enterprises in Sichuan province, and make a model analysis of them. By means of a case study of Chengdu Geeya Technology Co., Ltd, authors conclude that there is a strong correlation between venture capital and high-tech enterprises. Sichuan province should focus on developing venture capital and promoting the development of high-tech enterprises.