Formation of "delayed risks" in regional innovative production

Olga Avdeychik

Perspectives of Innovation in Economics and Business (PIEB), 2014, vol. 14, issue 1, 42-46

Abstract: The article considers specific features of functioning of regional complexes within the framework of joint realization of both Sustainable Development Concept and an innovation strategy which provides a synergistic result of achieving optimal economic parameters while minimizing negative anthropogenic impact on the environment. Violation of the optimal equilibrium in the simultaneous implementation of both strategies increases the probability of manifestation of environmental and economic risks and economic risks, due to increasing share of waste at different stages of life cycle of industrial products with a predominant innovation component. Disproportions in the implementation of modern approaches to innovations functioning with regard to regional specifics of sustainable development increase adverse effects on the ecosystem. Forming a background of delayed technologic and environmental risk, they increase the likelihood of economic risk, reducing the effectiveness of already implemented innovations. An effective strategy for minimization of delayed risks to different species is the formation of regional cluster structures which include industrial, managerial, research and training components based on integration of intellectual, material and technological resources. Citation

Keywords: Innovations; risks of the production; the delayed risk; cumulative life cycle; an innovative production (search for similar items in EconPapers)
Date: 2014
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