Current Situation, Problems and Future Prospect in Innovative Development of Russian Enterprises

Qi ZHONG, Leontiva Lydia, Chunlan WANG

Abstract


Being in the economic transition, Russia is abandoning raw material economy and going on the path of innovative economic development. Against the background of economic transition, this article studies the current situation in innovative development of Russian enterprises both from longitudinal and horizontal aspects, thus further analyze the reasons from multiple perspectives. It is believed in this article that enterprises still remain as the driving force in Russian innovative development while the macro-policies carried out by government play a certain role in the innovation of Russian enterprises but is yet to fully inspire enterprises’ initiative in innovative development.


Keywords


Enterprise innovation; Russia; Innovation; Competitiveness of enterprises; Economic development; Innovation expenditures; Intangible resources

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References


Gnativ, V. (XXXX). Technology of organization of innovative activity in the banking and insurance sector. Retrieved from http://www.gnativ.ru/innov_in_bank.html

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Lu, N. Q. (2012, June 12). The twenty years of Russia’s economic transition. Oriental Morning Post, p.10.

Nikitskaya, E. F. (2014). Forecasting of innovative development: International trends and Russian experience. Naukovedenie, 22(3).

Xu, P. L. (2009). Comparison on innovative behavior of Chinese and Russian enterprises: Similarities, differences and reasons. Research on Russia, Central Asia and Eastern Europe, 5, 50-56.

Indicators of Innovation in the Russian Federation. (2013). Moscow: National Research University - Higher School of Economics (HSE).




DOI: http://dx.doi.org/10.3968/%25x

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Copyright (c) 2014 Qi ZHONG, Leontiva Lydia, Chunlan WANG

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