Authors : Marina V. Vladyka, Tatyana V. Balabanova, Oksana V. Vaganova, Svetlana A. Kucheryavenko and Alexander V. Galtsev
Abstract: The study determines the presence of three elements in the regional economy as a basic factor of functioning of regional innovative system. These elements are: institutions as the environment, investments as financial capacity, infrastructure as a necessary element of the system of innovation. It’s proved that taken together, these components create the preconditions for the formation and functioning of innovative process in the region. The study gives the definition of the innovation process. It also analyzes the dynamics of the level of innovation-active enterprises in the Belgorod region which is characterized as an abrupt. The study also determines the causes of fluctuations in these dynamics. It researches the structure of sources of financing of scientific activity in the region and defines that even in the absence of significant cost of some level of innovativeness of enterprises in the region is maintained. It proposes development to take into account the current scientific developments in the system of Russian Academy of Sciences when forming developing strategies of regional.
Marina V. Vladyka, Tatyana V. Balabanova, Oksana V. Vaganova, Svetlana A. Kucheryavenko and Alexander V. Galtsev, 2016. Management of Innovative Process in the Economy at the Regional Level. International Business Management, 10: 3443-3448.