Methodological foundations of managing innovation-effective development of industrial production of the Arctic

• Published in: IOP Conference Series: Earth and Environmental Science
• Main Author: Zharov, V
• Format: Article in Journal/Newspaper
• Language: unknown
• Published: IOP Publishing 2019
• Subjects: Arctic
• Online Access: http://dx.doi.org/10.1088/1755-1315/302/1/012132; https://iopscience.iop.org/article/10.1088/1755-1315/302/1/012132/pdf; https://iopscience.iop.org/article/10.1088/1755-1315/302/1/012132

Abstract This paper considers two types of leverage –operational and financial – used in the theory and practice of corporate financial management. It is shown that objectively there must exist another kind of leverage – investment and innovation - as the share of value added in sales value to material intensity of product. It allows you to determine the necessity and possibility of using innovation and investments of intensive type as well as to determine the amount of such investments to achieve the specified material intensity reduction level. The analysis results of industrial production trends in Russia’s regions in certain types of industrial activities ( on the example of the Far North and Arctic regions-subjects of the Russian Federation) between 2005 and 2015 have shown that production, depending on the direction of changes in values of material intensity and capital productivity indicators, can technologically develop in four main areas, namely innovative/efficient, innovative/non-efficient, non-innovative/efficient and non-innovative/non-efficient.. It shows that in most regions of the Far North and the Arctic industry development is not consistent with the best innovative/efficient direction but, in general, the situation here is more favorable than in country’s industry. The analytical relationship between material intensity, capital productivity and labor productivity, enabling the management of innovative/efficient development of industrial enterprises, industries and the corresponding growth of labor productivity, gross regional product and gross domestic product due to technological intensification of production, has been determined.