Theoretical and Methodological Toolkit for International Cluster Projects Risks Assessment: Development and Approbation

Abstract

The phenomenon of international cluster cooperation is transforming the modern economy and encompassing various contexts of global collaboration that are driving new value chains. At the same time, there is no doubt that cooperation of cluster members with foreign partners leads to risks in the implementation of joint projects. The toolkit proposed in the article develops theoretical and methodological approaches of risk management in the field of international cluster projects risk assessment and creates preconditions for the development of reasonable models of risks control and management, as well as the choice of methods for their leveling. The methodology of international cluster projects risks assessment includes a step-by-step algorithm for calculating an integral indicator of cluster cooperation risk with a foreign partner, based on the use of expert information. We propose to formalize the results of international cluster projects risk assessment using the matrix of management impact, which also allows to classify projects by risk level. The study has developed a risk zoning model that optimally visualizes risk areas of international cluster projects. Methods were tested on the example of the Perm Territory pharmaceutical cluster project. The results of the study may be of interest to cluster members and specialized cluster organizations that solve problems of assessing and selecting cluster projects for the purpose of their subsequent implementation. As a research perspective, it is of interest to create software products and simulation models for assessing and monitoring cluster projects risks in the implementation of which a large number of partners from different countries take part.