+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






Digest Finance

Integrated Management Analysis of Innovation: A Conceptual and Methodological Framework

Vol. 23, Iss. 4, DECEMBER 2018

Received: 21 June 2018

Received in revised form: 5 October 2018

Accepted: 19 October 2018

Available online: 24 December 2018


JEL Classification: L29, M19, M49

Pages: 466–482


Krylov S.I. Ural Federal University named after the First President of Russia B.N. Yeltsin, Yekaterinburg, Russian Federation


Subject The contemporary market economy has no alternative but to go down an innovation development path, necessitating the research into the theory, methodology and methods of innovation in management analysis. This facilitates adequate and effective decisions concerning innovation management.
Objectives The research reviews a conceptual and methodological framework for integrated management analysis of innovation, which constitutes an absolutely new kind of management analysis revealing the robust information about the innovation-driven performance, untapped resources and opportunities for their mobilization.
Methods The methodological framework builds upon a conceptual approach to integrating innovative processes, conceptual basis of business-specific types of management analysis to study innovation, and the Balanced Scorecard concept (namely, its innovation component).
Results The integrated management analysis of innovation is showed to comprehensively study the formation of relevant resources, costing, outcome of innovation, and crucial processes relating to consumers and competitors. The set of indicators includes metrics of innovation, investment, competitive and market analysis, which may serve for examining the innovative performance from operational, tactical and strategic perspectives. The integrated management analysis of innovation comprises the assessment, evaluation and estimation of indicators.
Conclusions and Relevance The integrated management analysis of innovation is a fairly effective tool to supply the managing process with necessary information since it views innovation as a single construct.

Keywords: innovation, management, management analysis, integration, Balanced Scorecard


  1. Horngren C., Foster G., Datar S.M. Cost Accounting: A Managerial Emphasis. Prentice Hall, 2000, 906 p.
  2. Drury C. Cost and Management Accounting: An Introduction. Thomson Learning, 2003, 552 p.
  3. Bakanov M.I., Mel'nik M.V., Sheremet A.D. Teoriia ekonomicheskogo analiza [Theory of economic analysis]. Moscow, Finansy i Statistika Publ., 2005, 536 p.
  4. Kovalev V.V. Finansovyi menedzhment: teoriia i praktika [Financial management: Theory and practice]. Moscow, Prospekt Publ., 2007, 1024 p.
  5. Savitskaia G.V. Ekonomicheskii analiz [Economic analysis]. Moscow, INFRA-M Publ., 2013, 649 p.
  6. Ilyshev A.M., Karavaeva, A.V. [Identification of integrated management analysis amid turbulence and mega-competition]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2007, no. 4. URL: Link (In Russ.)
  7. Kaplan R.S., Norton D.P. The Balanced Scorecard: Measures That Drive Performance. Harvard Business Review, 1992, vol. 70, iss. 1, pp. 71–79.
  8. Kaplan R.S., Norton D.P. Sbalansirovannaya sistema pokazatelei. Ot strategii k deistviyu [The Balanced Scorecard: Translating Strategy into Action]. Moscow, Olymp-Biznes Publ., 2006, 320 p.
  9. Kaplan R.S., Norton D.P. The Strategy-Focused Organization: How Balanced Scorecard Companies Thrive in the New Competitive Environment. Harvard Business School Press, 2001, 416 p.
  10. Kaplan R.S., Norton D.P. Strategy Maps: Converting Intangible Assets into Tangible Outcomes. Harvard Business School Press, 2003, 512 p.
  11. Kaplan R.S., Norton D.P. The Execution Premium: Linking Strategy to Operations for Competitive Advantage. Harvard Business School Press, 2008, 320 p.
  12. Brown M.G. Beyond the Balanced Scorecard. Improving Business Intelligence with Analytics. Productivity Press, 2007, 233 p.
  13. Friedag H.R., Schmidt W. Sbalansirovannaya sistema pokazatelei: rukovodstvo po vnedreniyu [Balanced Scorecard: Mehr als ein Kennzahlensystem]. Moscow, Omega-L Publ., 2006, 267 p.
  14. Horvath und Partner GmbH. Vnedrenie sbalansirovannoi sistemy pokazatelei [Balanced Scorecard Unsetzen]. Moscow, Alpina Biznes Buks Publ., 2006, 478 p.
  15. Maisel L.S. Performance Management: the Balanced Scorecard Approach. Journal of Cost Management, 1992, vol. 6, no. 2, pp. 47–52.
  16. Olve N.-G., Roy J., Wetter M. Sbalansirovannaya sistema pokazatelei. Prakticheskoe rukovodstvo po ispolzovaniyu [Performers Drivers. A Practical Guide to Using the Balanced Scorecard]. Moscow, Vil'yams Publ., 2006, 304 p.
  17. Rampersad H. Universal'naya sistema pokazatelei. Kak dostigat’ resultatov, sokhranyaya tselostnost’ [Total Performance Scorecard. Redefining Management to Achieve Performance with Integrity]. Moscow, Alpina Biznes Buks Publ., 2006, 352 p.
  18. Krylov S. Applied Strategic Innovative Analysis: Theoretical Aspects. European Journal of Business and Social Sciences, 2014, vol. 3, no. 3, pp. 113-133.
  19. Krylov S. Applied Strategic Analysis as Further Balanced Scorecard Concept Development. Proceedings of the 11th Eurasia Business and Economics Society (EBES) Conference. September 12–14, 2013. Yekaterinburg, Institute of Economics of Ural Branch Ras Publ., 2013, pp. 35-42.
  20. Krylov S.I. Theoretical Aspects of Economic Balanced Scorecard Analysis. Asian Journal of Finance & Accounting, 2014, vol. 6, no. 1, pp. 90-109. URL: Link
  21. Twiss B.C. Upravlenie nauchno-tekhnicheskimi novovvedeniyami [Managing Technological Innovation]. Moscow, Ekonomika Publ., 1989, 271 p.
  22. Szántó B. Innovatsiya kak sredstvo ekonomicheskogo razvitiya [Innováció a gazdaság fejlesztésének eszköze]. Moscow, Progress Publ., 1990, 295 p.
  23. Levinson A. Ekonomicheskie problemy upravleniya nauchno-tekhnicheskim progressom: opyt sistemnogo analiza [Economic problems of managing the scientific-technical progress: experience in the system-oriented analysis]. Moscow, Ekonomika Publ., 1973, 315 p.
  24. Schumpeter J.A. Teoriya ekonomicheskogo razvitiya [Theorie der wirtschaftlichen Entwicklung: eine untersuchung über unternehmergewinn, kapital, kredit, zins und den konjunkturzyklus]. Moscow, EKSMO Publ., 2007, 864 p.
  25. Ilysheva N., Krylov S. Integrated Analysis for Innovation Management in a Company. Proceedings of the 10th International Days of Statistics and Economics Conference. September 8–10, 2016. Prague, University of Economics Publ., 2016, pp. 663–671.
  26. Ilysheva N., Krylov S. Integrated Management Analysis of Innovation Performance in Conditions of Globalization. Proceedings of the 16th Globalization and Its Socio-Economic Consequences Conference. October 5–6, 2016. Rajecke Teplice, University of Zilina, 2016, pp. 734–740.
  27. Kovalev V.V. Finansovyi uchet i analiz: kontseptual'nye osnovy [Financial accounting and analysis: Conceptual framework]. Moscow, Finansy i Statistika Publ., 2004, 720 p.
  28. Saaty T.L. The Analytic Hierarchy Process: Planning, Priority Setting, Resource Allocation. McGraw-Hill, 1993, 287 p.
  29. Ilyshev A.M., Ilysheva N.N., Selevich T.S. Strategicheskii konkurentnyi analiz v tranzitivnoi ekonomike Rossii [Strategic competitive analysis in the transition economy of Russia]. Moscow, Finansy i Statistika, INFRA-M Publ., 2010, 480 p.
  30. Pearce II J.A., Robinson R.B. Strategic Management: Formulation, Implementation, and Control. McGraw-Hill, 2011, 992 p.
  31. Christensen C.M., Raynor M.E. The Innovator’s Solution: Creation and Sustaining Successful Growth. Harvard Business School Press, 2003, 305 p.
  32. Grant R.M. Contemporary Strategy Analysis. John Willey & Sons, 2015, 842 p.
  33. Hamel G. The Why, What, and How of Management Innovation. Harvard Business Review, 2006, vol. 84, iss. 2, pp. 72–84.

View all articles of issue


ISSN 2311-9438 (Online)
ISSN 2073-8005 (Print)

Journal current issue

Vol. 29, Iss. 1
March 2024