The Risk Factor in Entrepreneurship in the context of clustering

Abstract

The present study examines the impact of risk factors on Russian entrepreneurship in the context of clusterization. Aim. The study aims to determine a correlation between the risk factors as well as the extent of their impact on entrepreneurship in the context of clusters based on diversification. Tasks. The authors examine risk factors in entrepreneurship, the problem of diversification and its correlation with clusterization, along with risks in Russian entrepreneurship, as well as the problem of economic efficiency of clusters; substantiate the relevance of clusterization in the modern Russian economy; draw valid conclusions about the prospects of clusters derived from diversification. Methods. This study uses general scientific methods of cognition, primarily general logical, and theoretical methods, which constitute the basis of empirical research. Results. At this stage, the problem is defined, major cause-and-effect relations are determined, and the current clusterization trends in the Russian economy are identified. Conclusion. The broad geography of clusterization proves its economic efficiency, with clusters receiving nationwide support. In many cases, diversification lies at the heart of cluster formation. This is especially true for industrial, innovative, and educational clusters. Such clusters are responsible for the strengthening of intellectual capital (potential), risk mitigation, and efficiency improvement. Development of an individual cluster involves development of small and medium enterprises in general, intensification of investment attraction and, as a consequence, acceleration of regional socioeconomic development.