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Management Diagnostics of Macroeconomic Productivity of Russian Technological Entrepreneurship in the Context of its Development Strategy

 

Original Article

DOI: 10.34130/2070-4992-2022-2-3-294

Full article  (in Russian Russian (Russia))

 

Rudik L. Korchagin1, Andrey E. Plakhin2
1Kemerovo State University, Kemerovo, Russia;
2Ural State University of Economics, Yekaterinburg, Russia;
1This email address is being protected from spambots. You need JavaScript enabled to view it., https://orcid.org/0000-0001-8173-277X;
2This email address is being protected from spambots. You need JavaScript enabled to view it., https://orcid.org/0000-0003-1379-0497

 

Abstract. The paper carries out managerial diagnostics (assessment) of the macroeconomic role of technological entrepreneurship in the context of its development strategy for the new economic conditions. The aim of the study is to determine the productivity (effectiveness and efficiency) of the activities of successful Russian technology entrepreneurial firms in terms of their contribution to economic growth in order to formulate proposals for improving the technology business development strategy. The research methodology is management diagnostics and economic analysis of the effectiveness and efficiency of technology entrepreneurs based on an assessment of gross value added per employee, per ruble of assets. The method of comparative analysis of technology entrepreneurs with average indicators for the national economy and specific types of economic activity was also used. It has been established that so far the technology business does not provide higher factor productivity than the average in the national economy. Only a small part of technology entrepreneurs are significantly more efficient and effective than the country’s economy and the corresponding type of economic activity. One of the main reasons is the low level of depreciation, since the majority of technology entrepreneur’s work in the virtual sphere without real product content. Definitely lower factor productivity in the field of information and communication, definitely higher – in professional, scientific and technical activities. Technological entrepreneurs engaged in professional, scientific and technical activities have factor productivity several times higher than the average for this type of economic activity. The results can be used to inform strategic decisions at various levels. New developments of a real product, and not intangible ones, in particular, the creation of new software, have the greatest potential for national development. In the new economic conditions, it is necessary to place emphasis in the support policy on technological projects that implement basic innovations. The prospects for future research are related to the involvement of a wider range of technology entrepreneurs in the analysis, as well as the expansion of managerial indicators for evaluating and justifying decisions.

Keywords: strategy, management diagnostics, economic development, technological entrepreneurship, gross value added, performance, efficiency.

 

For citation: Korchagin R. L., Plakhin A. E. Management Diagnostics of Macroeconomic Productivity of Russian Technological Entrepreneurship in the Context of its Development Strategy. Corporate Governance and Innovative Economic Development of the North: Bulletin of the Research Center of Corporate Law, Management and Venture Investment of Syktyvkar State University. 2022. Vol. 2, issue 3. Рр. 294–304. https://doi.org/10.34130/2070-4992-2022-2-3-294

 

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Information about the authors

Rudik L. Korchagin – PhD student, Assistant of the Department of Accounting, Taxation and Finance, Kemerovo State University (6, Krasnaya St., Kemerovo, 650043, Russian Federation).

Andrey E. Plakhin – Doctor of Economics, Associate Professor, Head of the Department of Management and Entrepreneurship, Ural State University of Economics (62/45, 8 Marta/Narodnaya Volya St., Yekaterinburg, 620144, Russian Federation). Scopus Author ID: 57193735943. ResearcherID: R-4862-2018.

 

The article was submitted: 05.08.2022.

Approved after reviewing: 19.09.2022.

Accepted for publication: 20.09.2022.