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

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Financial Analytics: Science and Experience
 

Systemic classification of resources of small innovative enterprises

Vol. 9, Iss. 27, JULY 2016

PDF  Article PDF Version

Received: 22 June 2016

Received in revised form: 1 July 2016

Accepted: 11 July 2016

Available online: 28 July 2016

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: O12, O16, O39

Pages: 40-50

Krakovich V.V. Higher School of Economics – National Research University, Saint-Petersburg Branch, Saint Petersburg, Russian Federation
victor.krakovich@gmail.com

Importance The article discusses specifics of managing small innovative enterprises' resources and analyzes the existing classification of their resources, pointing out respective strengths and weaknesses. The article suggests a new classification of small innovative enterprises' resources, considering their specifics in comparison with other enterprises and supporting their strategy.
Objectives The research comprehensively examines the classification of small innovative enterprises' resources in line with all types of resources needed for innovative activities.
Methods As part of the research, I applied methods of comparative analysis, synthesis, abstraction and classification.
Results I propose a comprehensive classification of small innovative enterprises' resources supporting the implementation of their strategy. This classification includes all types of resources that make small innovative enterprises competitive. The allocated resources are measurable and controlled by small innovative enterprises. Thus, it allows formulating a strategic plan of small innovative enterprises as definite values of resources over time and appointing people who would be responsible for certain resources.
Conclusions and Relevance I conclude that, considering high competition in the global innovation market, it is very critical to have a strategy so that any small innovative enterprise could continue its operations. The small innovative enterprises' strategy can be implemented and effective when each employee has a clear understanding of his/her respective role, and which resources he/she is responsible for, and the entity has a plan for reaching target indicators.

Keywords: available resources, small innovative enterprise, strategy

References:

  1. Matveeva L.G., Chernova O.A. Potentsial malogo biznesa v nesyr'evom razvitii promyshlennosti Rossii: modeli otsenki, instrumenty i mekhanizmy upravleniya [Capabilities of small businesses for non-resource development of Russia: evaluation models, tools and management mechanisms]. Taganrog, SFU Publ., 2014, 236 p.
  2. Ejdys J. Strategic Orientation of Small and Medium Size Enterprises. Economics & Management, 2014, vol. 19, iss. 4, pp. 346–358.
  3. Titova O.N. [Provision of resources for modernization and diversification of production]. Vestnik Orlovskogo gosudarstvennogo universiteta. Ser. Novye gumanitarnye issledovaniya = Bulletin of Orel State University. Series New Researches into Humanities, 2011, no. 2, pp. 451–453. (In Russ.)
  4. Frantsuzova M.A. [Substance of provision of resources for corporate operations]. Transportnoe delo Rossii = Transport Business of Russia, 2008, no. 3, pp. 12–14. (In Russ.)
  5. Soldatov V.V. [Strategic management of resources]. Sovremennye aspekty ekonomiki = Modern Aspects of Economics, 2010, no. 5, pp. 25–28. (In Russ.)
  6. Nikolaev V.N., Dorokhov D.S., Tolbin A.E. [A model for organizing technological and economic resources of the innovative entity]. Innovatsionnaya ekonomika: perspektivy razvitiya i sovershenstvovaniya = Innovative Economy: Prospects for Development and Improvement, 2015, no. 2, pp. 192–195. (In Russ.)
  7. Kaplan R.S., Norton D.P. The Balanced Scorecard: Translating Strategy into Action. Boston, Harvard Business Press, 1996, 322 p.
  8. Appanova Yu.E. [Resource provision of servicing entities: the economic substance of resources and their classification]. Shkola universitetskoi nauki: paradigma razvitiya = School of University Science: Development Paradigm, 2010, no. 1-2, pp. 361–364. (In Russ.)
  9. Glazkova Yu.S. [Resource provision of production modernization processes as part of corporate innovative development]. Vestnik INZHEKONA. Ser. Ekonomika = ENGECON Bulletin. Series Economics, 2010, no. 3, pp. 466–468. (In Russ.)
  10. Kuchina E.V., Vakhitova E.S. [Resource support to small innovative enterprises]. Vestnik Yuzhno-Ural'skogo gosudarstvennogo universiteta. Ser. Ekonomika i menedzhment = Bulletin of South Ural State University. Series Economics and Management, 2015, vol. 9, no. 2, pp. 82–88. (In Russ.)
  11. Chebykina M.V., Bobkova E.Yu. [A system of criteria and principles of effective use of the entity’s resource capabilities in line with its capitalization]. Ekonomika i menedzhment sistem upravleniya = Economics and Management of Control Systems, 2012, no. 4-3, pp. 399–405. (In Russ.)
  12. Chebykina M.V., Bobkova E.Yu. [Balance of resource-based production factors for purposes of corporate capital formation]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2013, no. 5, pp. 458–461. (In Russ.)
  13. Kotlyarov I.D. [Internal and external environment of the firm: concepts and their specification]. Izvestiya vysshikh uchebnykh zavedenii. Seriya Ekonomika, finansy, upravlenie proizvodstvom = News of Higher Educational Institutions. Series Economy, Finance and Production Management, 2012, no. 1, pp. 56–61. (In Russ.)
  14. Pavlenkov M.N., Paramonov A.V. [Resource provision of the entity: an integrated model of controlling]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship, 2011, no. 3-1, pp. 75–81. (In Russ.)
  15. Shcheka A.A. [Issues of setting up and strategy for development of small innovative enterprises]. Nauchnoe obozrenie = Science Review, 2016, no. 4, pp. 134–137. (In Russ.)
  16. Brazhnik M.V. [Scientific schools of strategic management: classification options]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2009, no. 3. Available at: Link. (In Russ.)
  17. Wilkinson M. The Executive Guide to Facilitating Strategy. Leadership Strategies Publishing, 2013, 284 p.
  18. Smolyaninova I.V., Akhmedov A.E. Sistema strategicheskogo upravleniya predpriyatiem v usloviyakh razvitiya innovatsionnoi deyatel'nosti [The corporate strategic governance system during the development of innovative activities]. Voronezh, Voronezh Institute of Law & Economics Publ., 2013, 148 p.
  19. Boldyreva R.Yu., Gomaleev A.O. [Managing the balanced scorecard implementation in the industrial enterprise through the project-based approach]. Izvestiya Tul'skogo gosudarstvennogo universiteta. Ekonomicheskie i yuridicheskie nauki = Proceedings of Tula State University. Economic and Legal Sciences, 2013, no. 2-1, pp. 224–230. (In Russ.)
  20. Kandrashina E.A. Protsessno-orientirovannoe upravlenie [The process-oriented management]. Moscow, MELAP Publ., 2004, 164 p.
  21. Bortnik A.N. [Provision of resources to high-tech production for residential premises]. Vestnik Saratovskogo gosudarstvennogo sotsial'no-ekonomicheskogo universiteta = Vestnik of Saratov Socio-Economic University, 2008, no. 3, pp. 162–165. (In Russ.)
  22. Mel’nikova Yu.E. [Resource supply of high-tech production for residential premises]. Mnogourovnevoe obshchestvennoe vosproizvodstvo: voprosy teorii i praktiki = Multi-Level Social Reproduction: Theoretical and Practical Issues, 2013, no. 1, pp. 237–240. (In Russ.)
  23. Khrustalev E.Yu., Khrustalev O.E. [Financial sustainability of high-tech enterprises as a factor in evaluating the feasibility of an innovative project]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2013, no. 33, pp. 16–23 (In Russ.)
  24. Klingebiel R., Rammer C. Resource Allocation Strategy for Innovation Portfolio Management. Strategic Management Journal, 2014, vol. 35, iss. 2, pp. 246–268.

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 17, Iss. 1
March 2024

Archive