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Assessing the innovative development of engineering companies operating in the nuclear industry to enhance their competitiveness

Leont'ev N.Ya. AO ASE Engineering Company, Nizhny Novgorod, Russian Federation ( n.leontyev@niaep.ru )

Journal: Economic Analysis: Theory and Practice, #5, 2019

Subject The article deals with assessing the innovation-driven growth and developing innovation strategies of companies operating in the in nuclear industry.
Objectives The aim is to test my own methodology for evaluating the innovation development of engineering companies in the nuclear industry to manage their competitiveness.
Methods The study employs general scientific research methods, as well as methods of strategic analysis, classification and graphical visualization, and the matrix approach.
Results I test my own methodology for evaluating the innovation development, and compare engineering companies of the of nuclear industry. I classify the selected companies in terms of their innovation development, clarify the innovation and basic strategies, and give recommendations for Russian engineering companies of the nuclear industry based on the tools of systems analysis and management in the economy.
Conclusions To manage competitiveness, it is necessary to constantly monitor innovation development and evaluate its effectiveness. The strategic importance of the nuclear industry and activities of its engineering companies for the national and global economy, as well as insufficiently considered assessment of effectiveness and prospects of innovative development in economic science necessitate a comprehensive algorithm and its testing. A methodological support to assessing the innovation to manage competitiveness may include both traditional and modified tools of systems analysis and management.


Assessing the innovation development as a component of enterprise competitiveness evaluation

Leont'ev N.Ya. AO ASE Engineering Company, Nizhny Novgorod, Russian Federation ( n.leontyev@niaep.ru )

Ivanov A.A. National Research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russian Federation ( alexey.iff@yandex.ru )

Ivanova N.D. Nizhny Novgorod State Technical University n.a. R.E. Alekseev, Nizhny Novgorod, Russian Federation ( lavrentievan@yandex.ru )

Journal: Economic Analysis: Theory and Practice, #8, 2018

Importance The article reviews indicators for rapid assessment of the current position and innovative capacity of the enterprise to enhance its competitive ability and choose a development strategy.
Objectives The study aims to design methods to assess the efficiency of innovative development of the enterprise for improving its competitiveness.
Methods The study draws on general methods of scientific research, method of enterprise development, ratio analysis, classification techniques, graphical visualization, and a matrix approach.
Results We considered the most relevant approaches and methods of enterprise innovative development evaluation, their advantages and disadvantages, and areas for further improvement. The paper presents our own classification of indicators of innovative development based on the assessment of current position and development prospects, and gives examples of these indicators. We developed a matrix scheme for visualization of results and further development strategy selection. The paper also includes an integrated methodology for evaluation of innovative development efficiency.
Conclusions As investments are expected to yield results not only in the short term but also in the far future, the application of only current performance estimates limits the significance of results. The inclusion of a dynamic component will make it possible to assess the sustainability of innovative development and competitiveness of the enterprise as a whole.


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