Business Innovation Development Research Articles

Research of Green Innovation of Companies of Countries with Different Levels of Technological Development of Production

Abstract In the conditions of the transition to higher technological systems in the conditions of the implementation of the Sustainable Development Goals, the companies of the world face the question of effective management of green innovative development in their economic activities. The goal of the research is the formation of effective organizational and economic support for green innovations of companies of countries with different levels of technological development of production. This research contains: to describe the known positions of scientific schools regarding the managerial aspects of green innovations of companies of the world; to form the economic support of this administration, by developing an assessment of the potential of green innovations of companies of the world (the data of the Global Innovation Index Report were taken as a source of empirical data), to form criterion values of the potential of green innovations of companies of the countries for the purpose of their clustering. The research methods used include: system method; bibliometric analysis; method of assessing competitiveness; criterion method; method of generalization. The objects of evaluation include companies from five countries of Central and Eastern Europe. The main results of the study include: development of management theory; forming an assessment of the green innovation potential of companies from countries of the world with different levels of technological development of production (the data of the Global Innovation Index Report were taken as a source of empirical data); formation of criterion support for the results of evaluation of the green innovation potential of the countries’ companies. The conclusions of the study should include establishing the actualization of managing green innovations by companies of the world by involving the results of the assessment of the green innovation potential of companies of the world to the formation of the criterion values of this assessment in order to make effective management decisions on the part of all interested stakeholders. For further scientific research, to focus on the formation of effective communication links between different groups of stakeholders, the basis of this scientific direction is the criteria developed by the authors to ensure the level of green innovation potential of companies of countries in order to make effective decisions on the part of stakeholders (state bodies, investors, manufacturers, suppliers, clients, financial institutions) regarding organizational, social, economic support of green innovations of companies of countries with different levels of technological development of production. This study can be useful for the governments of countries in the development of international and national programs for the innovative development of the economy in terms of the implementation of the Sustainable Development Goals; to company managers when forming strategic and tactical plans for green innovative business development; to students and scientists in the implementation of scientific and educational programs.

Student-Based Entrepreneurship Incubation Program for Student Startup Digital Business Development in Efforts to Optimize Sustainable Student Business

The student digital startup business development incubation program is one of the initiatives implemented to support the development of innovative and sustainable student businesses. This program aims to help students realize their competitive and sustainable business potential. Analysis of the entrepreneurial situation at the University of North Sumatra is currently in the process of development, marked by a large number of new young entrepreneurs from various entrepreneurial programs both internal to the university and outside the university, such as the Young Entrepreneurs program (PMW), Student Creativity Program (PKM), it known that in 2022 there will be 12 PKM funding for the entrepreneurship scheme, apart from that there were also three program winning entrepreneurs (P2MW). The problem is that there are limitations in opening up networking opportunities and market access for students just starting a business. There is a need for education from campuses and assistance regarding good business financial management, and there is still a need to improve sustainable entrepreneurship programs for students. There is a lack of qualified mentors or other resources and support. So, every startup from campus that has just started a business immediately loses enthusiasm and motivation because there is no continuous assistance. The method used to resolve this problem is assistance to improve student startup skills in providing competent human resources, financial assistance, and financial management literacy for student startups, providing facilities in the form of booths and business facilities, training and guidance to improve business management skills, and marketing. This program's online and offline results are characterized by opening up valuable opportunities for students to develop digital business ideas and promote sustainable business principles, allowing student businesses to contribute to sustainable growth.

Social inclusive approach by developing women entrepreneurship

Abstract: Nestlé Pakistan is a subsidiary of Swiss multinational company Nestlé. The company is known for its quality food products throughout the world. It commits to help shape a better and healthier world and inspire people to live healthier lives. Nestlé Pakistan shares the Nestlé Global’s three overarching ambitions for 2030 to achieve the United Nations Sustainable Development Goals by helping 50 million children live healthier lives, help to improve 30 million livelihoods in communities directly connected to its business activities and strive for zero environmental impact in its operations. Nestlé also have a global commitment towards 100% recyclable or reusable plastic by 2025. This exploratory case study looks into the ethical practices under which Nestlé contributes to the social cause in Pakistan. Rural women’s enrolment as sales agents for Nestle products initiative under its CSV (Community Shared Values) project starts with the Nutrition, Health and Wellness (NHW) awareness of women in rural setting of Punjab Province. The program was designed with two objectives, mainly: a) Better livelihood for financially disadvantaged women and their families and b) Demand generation of Nestle products in deep rural areas of Pakistan. This case has been written in the context of UNGC’s ten principles of ethical businesses. This case informs the reader the innovative business development with social initiatives by extending Nestlé International’s legacy of socially responsible business with a focus at enterprising rural women of Pakistan.

Принцип взаимодополняемости проектного и процессного подходов в управлении инновационно-ориентированными бизнес-организациями

The article considers the application of the project-process approach in the framework of innovative business development on the example of vertically integrated company PJSC “Lukoil”. The project and process ap-proaches are researched, the key differences and advantages are named. It is proved that the synergy of pro-ject-process approach allows to achieve global goals of the organization more successfully on the basis of in-novative development of processes and project activities. In order to improve the efficiency of the company PJSC “Lukoil”, it is proposed to introduce a project management system based on Bastion Workflow into the project and process management system. The developed proposals help to find and commercialize new oil and gas fields with minimal costs, as well as to extract more resources from existing fields.

Exploring the impact of partner match on business model innovation: the mediating role of interfirm dynamic capabilities-based on ecosystem orchestration perspective

PurposeWithin the context of an open innovation business environment, the frequent interaction and coordination activities among heterogeneous partners have a significant impact on enterprises' business model. Nevertheless, fewer empirical research has been made to explore how to match external partners and update organizational dynamic capabilities at an ecosystem level. Therefore, this paper attempts not only to investigate the direct impact of partner match on different business model innovation (BMI) themes (efficiency-centered BMI and novelty-centered BMI) but only to shed light on the pivotal mediating role of interfirm dynamic capabilities.Design/methodology/approachThis paper utilized the methodology of Partial Least Squares Structural Equation Modeling (PLS-SEM) to investigate the impact of diverse partner selection criteria and interfirm dynamic capabilities on two distinctive themes of BMI. More than 20 industry clusters with multiple industries were selected as representatives of the creative ecosystem, predominantly from the Yangtze River Delta region. Valid data were collected from 254 managers by both online questionnaires and offline interviews.FindingsThe findings of the study show that different partner match criteria have distinct direct impacts on BMI themes. Partner complementary and partner synergy, deriving from the “task-related criteria”, are significantly correlated with both EBMI and NBMI. Conversely, partner compatibility, deriving from “Partnering-related Criteria”, shows a positive correlation with EBMI but not NBMI. Furthermore, compare the indirect effect on EBMI, the paper’ results demonstrate interfirm dynamic capabilities as mediator can more maximize external benefits to promote NBMI.Practical implicationsThe study findings effectively help enterprises implement different BMI themes. From a management perspective, whether pursuing EBMI or NBMI, enterprises should consciously seek partners who can provide complementary support or share mutual goals across diverse industries. This strategic approach can significantly enhance the opportunities for sustainable and innovative business development. Furthermore, to successfully accomplish NBMI, enterprises must cultivate interfirm dynamic capabilities encompassing a comprehensive range of cross-organizational innovation capacities, such as bolstering organizational learning capability, establishing interactive network platforms to enhance coordination capabilities and engaging in integrative activities to foster a collective mindset.Originality/valueThis paper contributes to the match theory by introducing three critical matching criteria, enabling enterprises to discern partners based on diverse organizational characteristics. Additionally, this paper broadens the scope of the dynamic capability literature by adopting a network perspective to strengthen interaction and relationship mechanisms. The authors primarily elucidate the concept of interfirm dynamic capabilities as a formative higher-order model formed by three sub-capabilities (absorptive capacity, coordination capability and collective mind). Finally, this paper combines matching theory with dynamic capacity theory to the field of BMI, which adds depth and complexity to the existing ecosystem innovation research.

INVESTMENT TOOLS FOR DOMESTIC INNOVATIVE BUSINESS SUPPORT AT REGIONAL AND LOCAL LEVELS

In the study, the focus of attention is drawn to local economic development and the use of two fairly important and systematic factors for such purposes, such as innovative entrepreneurship and investments in the development of local innovative business. From such positions, the purpose of the study is to substantiate effective investment tools for supporting and stimulating the development of domestic innovative business at the regional and local levels. Interrelationships are proved and the algorithm of tasks (which should turn into events) is shown, from stimulating the development of entrepreneurship, improving its investment support and activating innovative activities to strengthening the investment and innovation component of Ukraine’s economic security. The goal of such a policy has been determined – the formation of sufficient financial and investment resources for the purpose of increasing the volume and pace of innovative activity of innovative business entities. It was established that the leading investment instruments (and measures within their limits) that should be implemented for the following purposes should be defined: investment-infrastructural (with measures of public-private partnership in the field of implementation of innovative technological projects, financial leasing and outsourcing to attract technical technological base for R&D, creation of industrial investment and innovation parks, development of infrastructure for financing innovation activities, creation of investment and innovation clusters, other associations, activities of local economic development agencies); credit (using local bond loans for research and development, guarantees for innovation investments, bank lending for innovative projects); grant (with local grant innovation programs, involvement of international technical assistance); creation of specialized investment funds (with crowdfunding measures and the use of revolving funds); budgetary investment support (local target programs for supporting innovative activities, tax incentives for innovations, inter-municipal cooperation in the innovative and technological sphere, budgets for participation in innovative socially significant projects); entrepreneurial (with measures for the development of local innovative entrepreneurship, attracting investments of labor migrants, investment cooperation of small businesses with large enterprises in the innovation sphere).

The Role of Behavioral Principles in the Functioning of Mesoeconomic Systems (Using the Example of Russian Technology Parks)

The effectiveness of the technopark’s functioning depends to a great extent on the quality of its management bodies. The article analyzes two of the most common management models: the short-term vision strategy model (technoparks as some kind of public services that ensure the emergence of innovative enterprises) and the long-term vision strategy model (technoparks not only as service providers to residents and other participants, but also as creators of a favorable business environment together with the state, universities and research organizations). Since the building of the organizational structure of management takes place in the existing institutional environment of the functioning of technoparks, a wide range of behavioral capabilities of management subjects arises.The purpose of the work is to analyze the behavior of management companies and resident companies of technoparks from the standpoint of behavioral and experimental economics, introduced into scientific circulation by Nobel laureates D. Kahneman and V. Smith, R. Thaler.The methodology of the study is based on a statistical analysis of the indicators of the VII National Rating of technoparks of Russia, presented on the GISIP platform of the Ministry of Industry and Trade of the Russian Federation. Methods of multivariate statistical analysis of the sample structure and identification of correlations of indicators are used.Results. The main model of innovative business development in Russian technoparks (more than 60% of the surveyed) participating in the rating is the short-term development model. Within its framework, management companies, limited by institutional requirements, adhere to the strategy of maximizing profitability from development activities in their behavior. The high risks of innovation activity of resident companies and the behavior of the management companies of technoparks, striving individually to achieve their goals, do not contribute to the realization of the general goal – the development of innovative business in the country. Examples of technoparks are given, in which the mechanisms of interaction between management companies and resident companies are revealed.

The role of digitalization of transfer pricing in the company’s management accounting system

The aim of the article was to study the theoretical and methodological aspects of the use of digital technologies in transfer pricing for the collection of the information background for management accounting. The study involved methods, such as the calculation of financial indicators, methods of finding separate data and their synthesis, system analysis, grouping, and ranking. These methods allowed for the calculation of the coefficient of innovation and technical business development in 27 countries of the European Union. The data obtained allowed us to determine the effectiveness of digitalization of transfer pricing by different methods, depending on the stage of the product life cycle, and to show the impact on the company’s financial performance. Return on Equity and Return on Assets are directly affected by transfer pricing in companies of selected sectors of the economy. In conclusion, 74% of the respondents noted positive changes in the financial result after the introduction of digital technologies in transfer pricing when making management decisions. The study will be useful for managers of different levels to convince them of the need for the digitalization of business processes. A promising area of further research is determining the impact of transfer prices on the overall state of tax payments of businesses.

Venture Capital and Strategic Development of Innovative Business

One of the most important sources for improving the financial support of innovative activity is venture capital. The development of venture financing in developed countries is one of the defining areas of support for medium and small innovative businesses. The purpose of the article is to identify the key features of venture capital, the selection of structural characteristics of venture capital, and the functional features of venture financing for the strategic development of innovative businesses. The survey is based on the following methods: analysis, systematization, and generalization to identify the key features of venture capital, as well as to select structural characteristics of venture capital, and the functional features of venture financing; tabular representation for the visual display of the results of research and analytical data. The article analyzes the interpretations of venture capital. A significant expansion of the key features of venture capital was noted. The structural characteristics of venture capital for the strategic development of innovative businesses are highlighted, which are systematized according to the following signs: elements of the classic form of venture capital, functions of venture capital, characteristics of the venture capital market, phases of the venture capital investment process, reasons for the refusal to receive venture capital, results from the implementation of venture capital at the macroeconomic level. Functional features of venture financing for the strategic development of innovative businesses must be considered in the context of such features forms of venture financing, types of venture financing, features that are characteristic of venture financing, steps of the venture financing process, stages of venture financing, the most common exit strategy for venture capital investors, principles of venture financing, advantages of venture financing, disadvantages of venture financing. The obtained results are the basis for further scientific research in the part of venture financing of the strategic development of innovative businesses in Ukraine and attracting investments for the development of innovative activity.

DEVELOPMENT OF CORPORATE VENTURE CAPITAL UNDER THE CONDITIONS OF INTENSIFICATION OF INNOVATIVE ACTIVITY

In recent years, corporate venture capital has gained popularity in all areas of the economy in different countries of the world. Along with traditional venture capital funds, business angels and accelerators, traditional corporations also invest in startups around the world. Most often, these processes take place according to the corporate venture capital model. This makes it possible to remove restrictions on the participation in corporate venture funds mainly of legal entities, will open up opportunities for the participation of various subjects in corporate venture funds, and promotes the investment of funds in innovative structures. The purpose of the article is to analyze corporate venture capital, to identify structural characteristics of corporate venture capital and peculiarities of corporate venture investing in Ukraine. During the research, the method of synthesis and analysis, induction (in the study of corporate venture capital, structural characteristics of corporate venture capital and peculiarities of corporate venture investing in Ukraine); the method of schematic, graphic images (for the visual display the received results of the study) has been used. The main structural characteristics of corporate venture capital have been singled out. The signs of structural characteristics of corporate venture capital include the parameters of the corporate venture capital investment model, the types of corporate venture investment goals, criteria for deciding on financing a startup for investors and analysts of corporate investment funds, the types of corporate venture capital investments, the main motives for investment by corporate venture capital funds, ways to promote business growth through corporate investment in venture capital funds, the main financial parameters of the sustainability of corporate venture capital. Ukrainian investors appeared in this field literally 5-7 years ago, but their interest in global international startups is already marked. It was established that for Ukrainian businessmen venture investments at the stages of the B+ series are a new stage of expansion of the investment portfolio. The amount of investment depends on the investor's faith in the project and the arrogance and talent of the startup. If «seed» and «angel» investments are calculated on average in hundreds of thousands of dollars, then capital investments in the innovative business are measured in millions and tens of millions. The main goal of corporate venture capital is strategic innovative business development. Activation of activity through corporate venture capital investments in Ukraine is only developing, and much depends on the business reputation and personal characteristics of managers. Ukraine's economy needs integration into global economic processes through the development of corporate venture capital.

Legal Issues of Environmental and Innovation Relations to Ensure Sustainable Development of Ukraine

Problem setting. The work examines issues of ecological and innovative relations to ensure the sustainable development of Ukraine. The main aspects of sustainable development are studied, namely: economic, social, ecological, innovative components. Emphasis is placed on the importance of their combination with each other, the importance and relevance of the innovative component is proven, because innovations are the basis for the growth and development of any economy. In a world where technology is dynamic, it is becoming a critical factor in competitiveness. Analysis of recent researches and publications. In particular, in this area there were publications of legal scholars: A.P. Hetman, G.V. Anisimova, V.L. Bredikhina, M.V. Krasnova, Yu.S. Shemshuchenko, N.R. Malysheva, G.N. Polyanskaya, V.G. Emelyanova, V.V. Nosik and others. Purpose of the research. However, the study that would be aimed at analyzing the normative regulation of legal relations on the use and protection of the environment in the field of innovation has not yet been, which prompted us to choose this topic of research. Article’s main body. It has been proven that in order to achieve effective legal protection and development of innovative business, it is also necessary to develop and implement new legislative acts and regulatory norms that meet the requirements of the modern economy and technological development. In addition, an important element of legal support for ecological and innovative relations is the support of technological entrepreneurship and startups. For this, special support programs can be created that provide financial support and consulting assistance for young companies engaged in the development of new technologies. Incubators and accelerators can also be created, providing support for technological entrepreneurship from the initial stage to commercial success. Cooperation between international companies, universities and scientific institutes can contribute to the development of new technologies and ensure their global distribution. Conclusions and prospects for development. In addition, it is also considered important that the achievement of the goals of sustainable development is possible only thanks to the penetration of the ecological paradigm into all spheres of human life, in other words, under the condition of general environmentalization of the economy and society. The ecological component is presented for the purposes of sustainable development and is an integral requirement for their achievement. A comparative analysis of the achievement of the goals of sustainable development and ecological economy in Ukraine, with the help of relevant indices, showed a significant lag behind the country in greening the economy and society. Special attention should be paid to ecologization of economic activity.

Editorial for the Special Issue “Corporate Governance, Social Responsibility, Innovation, and Sustainable Business Development Goals”

Corporate governance, social responsibility, and innovation play an important role in achieving sustainable business development goals (SDGs) [...]

The Impact of Self-Regulation and State Regulation on Small Business Development: An Innovative Approach

Various factors affect the development of small business. Among these are self-regulation and state regulation. The authors focus on the impact that self-regulation and state regulation have on small business, study their interrelation, and interplay in the infrastructural support for the small business development. Both self-regulation and state regulation have their own objectives, guiding principles, inherent functions, and a set of methods and tools to influence the development of small businesses. The authors conclude that, in present day Russia, the focus is on shifting from state regulation to self-regulation without providing additional conditions for development, which reduces the social efficiency of self-regulation. Self-regulation as an alternative to state regulation should be chosen based on the level of the social relations development in general and in the regulated area, in particular. Currently, the development of innovative small businesses as drivers in the economic development attracts much attention. Without state regulation of innovative processes, sustainable socio-economic development of Russia is almost impossible. The economic mechanism of control over the innovative business should include the infrastructure to favor the conditions for the development and introduction of innovative products by small enterprises; the regulatory framework to create equal conditions for business operations, considering the specifics of production and its priority for the region it takes place in; the HR-related matters to plan business activities considering the professional competence of specialists and the ability to improve their skills. The transition to the innovative development path should include the possibilities of both self-regulation and the need for state regulation to form the conditions for a favorable innovative environment.

MODERN INNOVATIVE BUSINESS STRATEGIES IN THE FOOD INDUSTRY SYSTEM OF UKRAINE

The article analyzes the peculiarities of the development of innovative business in the system of the food industry of Ukraine, aimed at increasing the efficiency of production and ensuring the operation of enterprises. The author of the article examines modern innovative business strategies in Ukraine, attests to their multifunctionality and the importance of taking into account current aspects of the development of the modern economy. He also analyzes various options for innovative development of the food industry, models, technologies and scenarios aimed at successful innovative business and determines new approaches and influencing factors regarding the application of modern strategies of innovative business, a set of relevant measures capable of ensuring real changes in the food industry. The article emphasizes that against the background of the decline and significant lag behind the food industry of Ukraine from the progressive countries of the world, it has all the opportunities to quickly restore its capacities thanks to the consistent implementation of clearly planned measures aimed at realizing its internal and external potentials. In conclusion, the author emphasizes the importance of the European vector of food industry development, which will contribute to the development strategy of food industry entities in the context of the macroeconomic environment, the creation and implementation of innovations to strengthen the competitiveness of the food industry, structural transformation and the implementation of international quality standards.

Social Responsibility: Opportunities for Integral Assessment and Analysis of Connections with Business Innovation

The paper proposes an approach to the integrated assessment of the social responsibility of EU countries with a combination of data from three international indices most relevant to the monitoring of social responsibility at the macroeconomic level: the Global Sustainable Competitiveness Index, the Sustainable Development Goals Index and the Social Progress Index. Applying the method of taxonomic analysis on the example of index values for EU countries, we assessed the differences and leaders in ensuring social responsibility. The authors do not consider country-level social responsibility only as a consequence of the development of responsible practices at all levels. Taking into account that social responsibility should be a prerequisite for expanding opportunities in all spheres, in particular, in business, the authors conducted a correlational analysis of the relationship between the taxonomic indicator of social responsibility and the development of innovative business. As a result, we confirmed significant connections with “Business sophistication” indicators (as part of the Global Innovation Index) and the share of innovative firms of total SMEs (according to OESD statistics). The obtained results strengthen the grounds for considering social responsibility not only as an important socially oriented concept, but also as a reliable basis for the development of innovative business due to the created comfortable institutional environment of business development.

EDUCATIONAL PROGRAMMES IN HIGHER EDUCATION INSTITUTIONS OF UKRAINE IN THE CONTEXT OF IMPLEMENTATION OF THE SMART SPECIALIZATION STRATEGY

Abstract. The purpose of the article is to determine the major regularities and peculiarities of the educational programmes (EP) development in Ukrainian higher education institutions (HEIs) in the context of the implementation of the principles of smart specialization strategy (SSS) and the formation of a number of scientific recommendations for improving the EP. Scientific methods of induction and deduction, analysis and synthesis, comparison have been used. The key regularities of the EP development in Ukrainian HEIs such as activation of interaction and development of cooperation between local/regional authorities, business, science and education are determined. The factors of improving the quality of EP in HEIs have been substantiated, such as interaction with regional innovative clusters, taking into account the main principles of the SSS and the introduction of elements of socially oriented training. The structural and logical framework for the development of EP for HEIs in the context of the SSS has been worked out, which takes into account the collaboration between central and local/regional authorities, HEIs and its EP, and regional innovation clusters. It is substantiated that the development of innovative clusters in the Ukrainian regions based on the formation of scientific, research and technological parks will contribute to the successful development of HEIs in view of the formation of creative approaches to their cooperation with the main stakeholders. From the point of view of the SSS, it is determined that in this process it is important to establish effective communications with all participants in the educational process in order to jointly solve social, economic and environmental problems at the regional level. It has been found out that the participation of HEIs in regional innovation clusters will allow them to receive new incentives and opportunities to achieve such major missions as educational, scientific and social development. The system of interrelations between the participants of such a cluster has been outlined, which will contribute to the modernization of the structure and quality of the EP, their adaptation to modern market requirements, the transformation of HEIs and research institutes into factors of innovative business development, accumulation of human capital and attraction of investments. Key words: an education programme, smart specialization, a mission of higher education institutions, a socially oriented training, clusters.

Women Participation in Entrepreneurial Activities in the Post COVID-19 Pandemic: Empirical Evidence from SMEs Sector

Entrepreneurs contribute to economic development regarding innovation, job creation and income generation. It is also effectively recognized as a fundamental part of economic development and vital in lifting countries from poverty. Women entrepreneurs organize and manage an organization, particularly a business. Women’s entrepreneurship has consistently expanded worldwide during the 20th and 21st centuries. Bangladesh will have a big number of young women and productive workers after the COVID-19 epidemic, allowing them to engage in the Small and Medium Enterprises (SME) sector. Women entrepreneurs can help in the elimination of hunger, the reduction of inequities, and the improvement of children’s nutrition, health, and school attendance. Also, it has been acknowledged as an important source of economic growth since it creates new jobs and provides society with various solutions to managerial, organizational, and business challenges. Therefore, the purpose of this research was to determine the impact of technological factors, parental support factors, municipal factors, knowledge and skills factors, psychological factors, and financial factors on women’s engagement in innovative business development in the context of Bangladesh’s SME sector in the post COVID-19 pandemic. This study included both statistical and discussion of the data. Data was collected from over 300 real Bangladeshi ladies using an online purposive sampling approach. To test hypotheses, the data were evaluated using descriptive statistics, collinearity statistics, and other regression analyses. As per study’s results, most variables, including administrative, scientific, and familial cooperation, knowledge and skills, psychological, and financial component, has both advantages statistically impressive relationship with women’s involvement in the context of the SME area in Bangladesh in the post COVID-19 pandemic. In the post COVID-19 pandemic, everyone from every sector will use the findings to encourage women’s participation in entrepreneurial activities in the context of the SME division in Bangladesh.

Innovative Business Development in Healthcare: Using Matrix Organizational Techniques.

Innovative Business Development in Healthcare: Using Matrix Organizational Techniques.

Development of Small and Medium-Sized Businesses Through Technology Transfer, Innovation Strategy and Network

In this article, the authors have identified the process of technology transfer development, identified the most promising areas for the development of small and medium-sized innovative businesses. In recent years, understanding the combination of technology transfer and innovation strategy has become a key element in ensuring the development and growth of SMEs, as it has expanded their opportunities to be part of networks and facilitated their access to international markets. The authors of the article examined the basic concepts on this topic, analyzed the experience of foreign countries in terms of technology transfer, and also revealed the main problems that are an obstacle to the implementation of an innovation strategy. It is concluded that without effective cooperation and the formation of an innovative infrastructure supporting small and medium-sized enterprises, the activation of the technology transfer process is impossible, and small and medium-sized enterprises can balance their limited resources with careful participation in networks.

Направления развития инновационной деятельности в регионах с моноотраслевой структурой экономики

The development of the regional economy in the innovative aspect is a necessary factor in increasing its competitiveness and technological sovereignty, which is of particular relevance in an unstable geopolitical situation. The transition of the economy of each constituent entity of the Russian Federation to an innovative development path is a priority task, which is reflected in the framework of legal acts regulating the conditions for socio-economic development both at the regional and federal levels (strategies, programs, etc.). One of the stages of its solution is to take into account the economic specifics, which largely determines the conditions for the implementation of innovative activities in a particular territory. The study is aimed at developing directions for the development of innovative activity in regions with a single-industry structure of the economy. Its relevance is justified by the fact that the single-industry structure, which is typical for many Russian regions, especially the northern ones, acts as a factor that «slows down» the development of innovative activity. To achieve this goal, it is necessary to solve the problems associated with identifying approaches to the essence of the single-industry structure of the economy, as well as disclosing the features of its impact on innovation activity in the region. The research methodology is based on the use of system analysis, documentary and sociological methods. As part of the discussion, the results of in-depth interviews with experts on innovative development in the region are presented. As a result, directions for the development of innovative activity were developed, among which is particularly noteworthy the diversification in monopolized sectors of the economy, where innovation plays a special role, through the development of small and medium-sized innovative businesses, as well as the development of qualitatively new sectors of the regional economy.