Journal of the National Research University Higher School of Economics




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ISSN 1995-459X print
E-ISSN 2312-9972 online
ISSN 2500-2597 online English

Leonid Gokhberg


Foresight and STI Governance, 2017, vol. 11, no 1.


The new issue of Foresight and STI Governance presents various aspects of the corporate sector’s innovation-based development: approaches to conducting Foresight studies, market evaluation of research-intensive companies, intellectual capital’s impact on firms’ performance. International experts assess the prospects for transboundary academic cooperation in the context of global geopolitical processes, and propose an “intelligent leadership” model for state universities.

In 2017 Foresight and STI Governance celebrates its first anniversary: exactly 10 years ago, in March, 2017 the first issue of the journal was published. The introductory editorial is devoted to this event, describing the journal’s evolution, achievements, challenges it had to face, and plans for the future. 

Alexey Bereznoy in his paper “Corporate Foresight in Multinational Business Strategies” analyses the specific role Foresight plays in strategic management of global corporations. Such companies are interested in improving their long-term planning systems not adequate for meeting the new challenges. Corporate Foresight allows to efficiently deal with a whole range of issues, significantly extend planning horizons, improve environment scanning mechanisms, etc. 

In the paper “Why and How the Value of Science-Based Firms Violates Financial Theory: Implications for Policy and Governance” its authors Sergey Bredikhin, Jonathan Linton, and Thais Matoszko analyse the reasons for, and specific features of major, sharp fluctuations in research-intensive companies’ value which do not fit the conventional financial theory. The paper demonstrates that distribution of such firms’ revenues does not match the Gaussian pattern. Studying the nature and magnitude of such phenomena can help better assess the risks and potential benefits associated with innovative projects. 

Intellectual capital is a key value creation element of the present-day economy. Tatiana Andreeva and Tatiana Garanina consider intellectual capital’s contribution to emerging markets’ growth in their paper “Intellectual Capital and Its Impact on the Financial Performance of Russian Manufacturing Companies”. According to the authors, companies should concentrate on developing their structural capital, i.e. putting in place convenient and efficient information systems and applying corporate communication tools, which should significantly improve their productivity. 

The topic of scientific cooperation in a German-Polish border region in the light of EU enlargement was analysed by Jutta Gunther, Gresa Latifi, Judyta Lubacha-Sember, and Daniel Tobelmann. Using the Europa University Viadrina as an example, they’ve estimated the scale of, and the prospects for cooperation of German and Polish scientists, on the basis of joint academic publications statistics. The authors recognise that in addition to joint publications scientific cooperation may take other forms, from unofficial contacts to institutionalised projects capable of producing significant economic benefits. 

The rapid development of network technologies is transforming production processes and economic agents’ interaction formats, against the background of digitalisation of the economy and emergence of new economic segments. In the paper “Approaches to Defining and Measuring Russia’s Internet Economy” Sergey Plaksin, Gulnara Abdrakhmanova, and Galina Kovaleva summarise international and Russian experience of assessing the internet economy, and suggest techniques for measuring it in the Russian context in line with the System of National Accounts principles, on the basis of official statistics. This ensures reproducibility of calculations, reliability and comparability of results, and compliance with statistical standards. 

Higher education and intelligent leadership play a major role in developed countries’ education systems. Aleme Keikha, Reza Hoveida, and Nour Mohammad Yaghoubi suggest an intelligent leadership model for state universities. It combines quantitative and qualitative techniques. Four basic components of intelligent leadership were identified: rational, emotional, spiritual, and collective leadership. The paper presents their detailed definitions, meaningful codes, and concepts describing each components. 

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