Journal of Applied Economic Research
ISSN 2712-7435
Evaluation of the Effectiveness of Strategies of Venture Business-Processing in a Highly Risky Sector of the Economy
Kornilaev S.M.
Abstract
Abstract. The article provides substantiation for an innovative dynamic system in addition to the stationary structure of creating innovations that has been established in the Russian economy. The subject of the research is innovation in the conditions of uncertainty, which is typically the sector with the highest risk that is called «venture industry» in the West. The research focuses on the introduction of the process approach to reproduction of innovative products and services with a proposal for evaluation of the known methodological approach to «quantitative» selection strategies. A concept of the venture business-processing in combinatorial innovation is introduced that combines the classic view on the innovation process and rules of functioning of venture business. The problem of the reproduction of the process of innovation in a closed economic system determines the purpose of the study, showing the formation of additional virtual development infrastructure of high-risk activities of the national economy. A matrix scheme is business processing and the stages of formation of risk capital for innovation activities draw attention to the importance of risk which includes potential customers and strategic customers of innovations. The conceptual effect of the proposed activities will vary from synergy from the merger of research commercialization and development work and of business resources, quality growth of employment of the population by the introduction of new professions by the integration of the different levels of the national economy with foreign investors on an equal footing etc. To assess the dynamic, venture process with an uncertain outcome, classical indicators of investment projects are not enough. In conclusion the author draws attention to the fact that the proposed activities are another way of withdrawal of the Russian economy on a steady process of creating their own innovative products and services, though theoretically but with practical evidence to evaluate the effectiveness of strategies to choose the optimal variant of action amid uncertainty in the economy.
Keywords
Key words: a stationary system of innovation; the property of additivity of action venture processing; the matrix circuit of project-venture processing; formation of risk capital; the indicators of investment attractiveness of the project; the criterion o
About Authors
DOI: http://dx.doi.org/10.15826/vestnik.2016.15.6.42
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