Influence of technological factors on the industry model of relations between the state and business

Innovation strategy of enterprises of high-tech industries is based on the creation of new intellectual properties. For these industries, the framework for public-private sector interaction is based on fostering the innovation of existing structures and supporting the establishment of new high-tech enterprises. This is particularly relevant for the early stages of innovation, where seed funding plays a critical part. Seed funding is primarily important for projects that promote companies with a short history of operations, the so-called start-ups. Innovations of enterprises of mid- and low-tech industries are based on the adaptation of innovations created in other industries to supply the needs of a particular enterprise. Enterprises in these industries have limited capability to develop innovations independently due to the lack of financial and intellectual resources. However, despite the low innovative capacity of the mid- and low-tech industries, the rapid spread of modern technology in these segments of the Russian economic system is attainable. The framework for interaction between public and mid- and low-tech enterprises sectors should be based, firstly, on the elimination of barriers suppressing the spread of new technologies and attraction of investments, and, secondly, on the facilitation of technical regulation, including the modernization of outdated standards. Integration of current costs management subsystem into the enterprise management systems of mid- and low-tech industries will change the competitive strategy of enterprises. Improvement of the quality of products and services and consumer satisfaction will be fundamental for this strategy. The change in business strategy implies the change in business processes within the investment projects implemented by enterprises of mid- and low-tech industries. The competitive strategy of these companies will include projects focusing on taking advantage of the strategic partnership. The strategy will obtain more resource-oriented features. The most significant measure to foster the innovative development of mid- and low-tech industries may be the development of organizational economic and financial mechanisms to support the import of high technologies. Therefore, the frameworks for interaction between the public and mid- and low-tech enterprises sectors should recognize the use of technological, organizational, and managerial innovations as a single system. The establishment of such system can fully ensure resources and energy efficiency, as well as the efficiency improvement of management processes. This will also require such subsystems as knowledge management, risk management, knowledge assets and capital management (including management of intellectual property) to be developed and integrated into the system of enterprise management.

Keywords

Authors

References