Contradictions of Corporate Top Management Motivation by Economic Value Added

Yashin, Sergey; Trifonov, Yuriy; Koshelev, Egor

doi:10.2139/ssrn.3121719

Cited by 1 publication

(2 citation statements)

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“…As an example of implementing the presented method, let us consider the process of developing a growth strategy for the pilot power industry cluster in the Nizhny Novgorod region. Paper [6] has demonstrated that it is more profitable for the Nizhny Novgorod innovational and industrial cluster to develop the power sector. For this purpose, the Nizhny Novgorod region has the necessary innovation potential, i.e.…”

Section: Resultsmentioning

confidence: 99%

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Using a Compound Real Option to Develop an Innovation Strategy for an Industrial Cluster

Koshelev

Yashin

2021

SHS Web Conf.

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The purpose of this paper is to apply such a technology to develop an innovation strategy for the pilot clusters defined by the state, which would allow to make flexible management decisions. The proposed method for this involves the use of a compound real option, which includes the following components to be applied in the following order: 1) an option to reduce and exit the cluster strategy, 2) an option to develop and replicate the experience in the cluster, 3) an option to change over and temporarily stop the cluster strategy, and 4) an option to delay the start of the new cluster strategy. Combining a compound real option exactly as presented avoids unreasonable managerial decisions to withdraw from the current cluster strategy, which would include multiple tactical cluster development opportunities that have already been implemented. In other words, a put option is first added to the evaluation of the current strategy. This is an option to reduce and exit the cluster strategy. And then if the current strategy continues, the next three call options are added to it.

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Section: Resultsmentioning

confidence: 99%

“…For this purpose, those regional and republican clusters, which have the necessary innovation potential, i.e. there are enough production, financial, labor and other resources for successful development, are analyzed in detail [6].…”

Section: Introductionmentioning

confidence: 99%