Overcoming internal and external barriers for companies’ innovation development

Valeriya Vlasova (), Kseniia Boiko () and Tatiana Kuznetsova ()
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Valeriya Vlasova: National Research University Higher School of Economics (Russian Federation)
Kseniia Boiko: National Research University Higher School of Economics (Russian Federation)
Tatiana Kuznetsova: National Research University Higher School of Economics (Russian Federation)

Foresight and STI Governance (Foresight-Russia till No. 3/2015), 2024, vol. 18, issue 2, 85-96

Abstract: The increased internal and external challenges of recent years became a stress test for Russian innovative businesses. In order to assess firms’ adaptive capacity, and ability to continue innovation in times of crisis, an approach is proposed based on identifying and structuring the attitudes and expectations of the business community in the changing business environment. 47 factors were taken into account, broken down into 8 groups: markets, competitive environment, materials and equipment, human and financial resources, infrastructure quality, government regulation, and social environment. The data was collected through a specialised survey of 1,121 top managers of high-tech manufacturing and service firms conducted in January-March, 2022. The results show that companies’ perception of framework conditions for innovation, and of business environment faults is weakly correlated with their industries, but strongly related to the innovation behaviour patterns. Non-innovative firms are the most pessimistic in their assessments. The key barriers to innovation are related to the quality of government regulation, and the availability of external financing. The results obtained expand the understanding of companies’ adaptation to external constraints, and allowed to suggest certain innovation policy recommendations.

Keywords: business environment; economic crisis; framework conditions for innovation; innovation development; innovation strategies; barriers to innovation; innovation policy (search for similar items in EconPapers)
JEL-codes: D22 L2 O31 O32 (search for similar items in EconPapers)
Date: 2024
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