Innovation risks: challenges and prospects

Abstract

Abstract-Innovation risk is a complex multidimensional concept. To function successfully in a risk sphere, employees should have expert knowledge in economics. Effective risk management contributes to the competitiveness of a company on the domestic and international markets and increases the economic and industrial potential required for implementation of the state innovative development strategy as a whole. Innovation performance indices are the ability of operational risk management, the ability to predict innovation risks. Entrepreneurs play a coordinating role in the movement of risk management and their combinations. As a result, entrepreneurs help to establish a hierarchy of innovative connections in the real economy and economic system as a whole. The article describes the classification of risks. The article analyzes risk management methods applied in the innovation sector. It also deals with the issues of risk effects.

Investment In The Regional Economy: Challenges And Prospects

“…At the same time, the advantages are ease of registering enterprises (8th place), obtaining construction permits (6th place) and connecting to the power supply system (10th place). The disadvantage is the timing and cost of property registration (18th place for ease of property registration) (Nechaev Ognev, & Antipina, 2017). In the rating of the agency "RA Expert"…”

Structural changes in the agricultural sector

“…Small farms have a small scale of production, limited maneuverability and limited access to financial and production resources; the quality of their material and technical base is low, and they have limited financial opportunities for its renewal [3]; the system of consolidation of economic interests within the consumer and industrial cooperation is underdeveloped. Other features of small farms are as follows: low innovation abilities [4] and weak susceptibility to innovation; insufficient competitiveness in the context of the underdeveloped competitive environment and dominant positions of large agribusinesses [5]; a high level of localization of local markets [6] and limited opportunities for entering new markets.…”

Consumption as the main element of the reproduction process in agriculture

“…However, the level of 2013 was not achieved. Obviously, given the growth in agricultural production and the lack of food shortages in stores, Russia's transition to a lower position compared to 2013 is due to other factors [5]. As can be seen from the analysis of individual indicators that form these three parts of the Global Index, the decrease was due to insufficient funding for research, a reduction in product diversity, as well as political risks and corruption in 2013-2016 [6].…”