Home  Journals  Finance and Credit  46(718) - 2016 December

Principal component parts as a new factor of innovative competitiveness

Vol. 22, Iss. 46, DECEMBER 2016

Article PDF Version

Received: 6 October 2016

Received in revised form: 20 October 2016

Accepted: 23 November 2016

Available online: 21 December 2016

Subject Heading: THEORY OF FINANCE

JEL Classification: O33, O47

Pages: 29-45

Subject The article addresses component parts and their impact on the aggregating innovation effect as constituents of innovation.
Objectives The aim of the paper is to study the structure of analytical systems of search for and integration of component parts, and the advantage of their application in Russia.
Methods The paper rests on evaluation of data and experience accumulated from the cooperation with international corporations, and employs data visualization for comparison and analysis.
Results I adjust the cluster model of analytical innovation systems development in Russia. The model is based on searching for production chain participants through tenders, and this precludes from accumulating the necessary innovation capacity. The paper offers to create innovative systems that rely on a wide and multistage selection of elementary components with a deep level of integration, rather than a simple assembly of finished components. It identifies major classes of elementary components and their impact on final innovative products.
Conclusions The paper updates the process of competitive advantages formation at the level of elementary components, and highlights key problems in the formation of components of the country's innovative competitiveness when developing the import substitution programs.

Keywords: innovation component, parameter, integration, selection

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