TY - JOUR TI -

Strategic Entrepreneurship in Russia during Economic Crisis

T2 - Foresight and STI Governance IS - Foresight and STI Governance KW - strategic entrepreneurship KW - entrepreneurial mindset KW - managing resources KW - strategically KW - competitive advantage KW - small and medium enterprises KW - performance KW - economic crisis KW - Russia KW - innovation AB - The paper explores the patterns of business investment in research and development (R&D) using evidence from companies in South Africa, in comparison with indicators for a number of other countries. This study covers the period 2006-2016, the studied companies were grouped by the amount of R&D expenditures (BERD), the number of reports on research performance for the first and last years of monitoring. A typical characteristic of private sector R&D activities is the uneven distribution of resources in space and time. The major financial and other assets are concentrated within few large companies from a limited number of industries, while the majority of small and medium-sized enterprises invest in R&D projects only sporadically, for a period of no more than two consequential years. Firms that perform R&D for longer periods invest in R&D incrementally and remain more persistent than enterprises performing less R&D for shorter time periods. In view of the common nature of a number of patterns, these observations suggest different approaches to policies supporting R&D performance in the business sector not only in South Africa, but also in other countries. AU - Galina Shirokova AU - Liudmila Ivvonen AU - Elena Gafforova UR - https://foresight-journal.hse.ru/en/2019-13-3/307960221.html PY - 2019 SP - 62-76 VL - 13