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Possible Scenarios for the Innovative Development of Regional Enterprises in the Context of Restructuring of the Russian Economy

Abstract

The presented study examines the fundamental processes of innovative development of regional enterprises that determine the business model in the context of economic restructuring in Russia. Aim. The study aims to analyze the current state and trends in the innovative development of entrepreneurial activity at the regional management level in Russia. Tasks. The authors identify the important factors that determine the formation of a model of an efficient management system for entrepreneurial activity in the Russian Federation. Methods. This study uses methodological approaches to management to examine in various aspects the innovative changes in entrepreneurial activity that happen across Russian enterprises in a shifting environment. Results. Russian regions are viewed as a complex socio-economic system dominated by innovative processes that enhance competitiveness, intensify the activity of business entities and improve their investment potential by creating favorable conditions for attracting financial flows. An optimal management system would ensure progressive development of the economic, social, resource, and environmental aspects aimed at the socio-economic development of the region. Managerial decisions should ensure sustainable functioning of the model for long-term economic growth in Russia. The global economic crisis and economic stagnation reduce the efficiency of the system for the management of innovative activity of enterprises through disruption of cause-and-effect relationships between individual departments and deficit of financial resources. Conclusion Factors of the institutional environment are associated with the administrative reforms implemented at the macroeconomic level, the current stage of the global economic cycle, and the investment potential of the region, which affects the stability of entrepreneurial activity. The problem of facilitating innovative activity of business entities in the Russian Federation is mostly associated with institutional reforms.

About the Authors

Natal’ya P. Golubetskaya
St. Petersburg University of Management Technologies and Economics
Russian Federation


Elena V. Ushakova
St. Petersburg University of Management Technologies and Economics
Russian Federation


Tamara V. Chirkova
St. Petersburg University of Management Technologies and Economics
Russian Federation


References

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Review

For citations:


Golubetskaya N.P., Ushakova E.V., Chirkova T.V. Possible Scenarios for the Innovative Development of Regional Enterprises in the Context of Restructuring of the Russian Economy. Economics and Management. 2018;(10):68-74. (In Russ.)

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ISSN 1998-1627 (Print)