Strategic Integration of Business Structures Based on the Principles of Single Institutional-Economic Space
Year: 2020
Type: conference-paper
Abstract: Strategic integration of business structures in the conditions of transfer of innovative knowledge is focused on the development and creation of stable positions of the regional sector of the economy.However, today, the effectiveness of institutional interaction processes remains not high.This is primarily due to the lack of effective methodological tools based on the principles of a single institutional-economic space, which determines the relevance of the research problem.The study purpose is theoretical justification and development of modern methodological support of innovative project integration targeted at the enhancement of knowledge transfer efficiency and diffusion into the institutional-economic space on the principles of innovative partnership.System approach is the leading method of studying business structure integration processes in the context of innovative knowledge transfer as it allows considering non-linear nature of innovative development and the concept of integrated formation and dynamic capabilities of business structures.As a result of the study, the following tasks were solved: an approach to creating a single institutionaleconomic space for the interaction of integration participants was proposed; a model solution for the institutionalization of an innovative project was formed taking into account the situational knowledge base, the possibility and expediency of integration development; developed a contextual diagram of knowledge management in the process of integration development of enterprises; the structure of the regional integrated innovation complex is shown; the methodology for assessing the importance of integration / concentration of innovative knowledge to increase the institutionalization of business structures in the region is substantiated.These results will contribute to the solution of an important theoretical and practical task relating to innovative knowledge transfer performance in strategically integrated enterprises based on institutionalization. Study materials may be used as methodological support for the justification of areas of institutionalization and innovative development of integrated structures of the real economy.
Institution: Orel State University named after I.S. Turgenev
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W3048831715