INNOVATION AND R&D IN EMERGING RUSSIAN MULTINATIONALS

INNOVATION AND R&D IN EMERGING RUSSIAN MULTINATIONALS

The paper explores innovation strategies and processes in emerging Russian multinational companies. Innovation is a major driver of corporate growth and determinant of competitiveness of western multinationals. Emerging Russian multinational companies have started to realise the value creating aspec...

Full description

Saved in:
Bibliographic Details
Published in:Economics, Management, and Financial Markets Management, and Financial Markets, 2011-03, Vol.6 (1), p.182-206
Main Author: Filippov, Sergey
Format: Article
Language:eng
Subjects:
Automobile industry
Business studies
Corporate growth
Economy
Emerging markets
Equity stake
Foreign language learning
Foreign subsidiaries
Globalization
High technology
Innovation diffusion
Innovations
International business enterprises
Inventions
Multinational corporations
Multinational enterprises
New technology
Product development
R&D
Research & development
Research and development
Russian Federation
Studies
Technology assessment
Transition economies
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The paper explores innovation strategies and processes in emerging Russian multinational companies. Innovation is a major driver of corporate growth and determinant of competitiveness of western multinationals. Emerging Russian multinational companies have started to realise the value creating aspects of R&D and innovation. They devise various innovation strategies ranging from collaborative efforts inside Russia to acquisition of technology-intensive firms in advanced economies. Russia firms are unique since they operate in a society with a strong scientific tradition inherited from the Soviet system with limited success in translating these scientific inventions into innovative products. The paper provides an inventory of such strategies and provides empirical evidence to exemplify them. Finally, managerial and policy implications are formulated.
ISSN:1842-3191
1938-212X