Problems of Coordination of High-Tech Enterprises Strategies in Implementation of Innovative Technologies

Abstract

Implementation of innovative technologies in cooperative enterprises is complicated by the fact that the innovative strategy of an enterprise would not be supported by its partners. As a result, even a generally profitable innovative project may remain unrealized because the partners will not take risks of investing into specific assets. Similar problems occur in connection with launch of manufacturing of high-tech components for sophisticated products (particularly, as part of import substitution). The article suggests a simple game theory model, which illustrates the problems of coordination of partner enterprises’ strategies in implementation of innovative products. Unlike well-known models, this model takes into account the specific nature of high-tech industries, including the cost structure of the product life cycle, which affects costs and losses. This model may be used for quantitative estimations in the course of substantiation of innovative technologies implementation strategies in certain high-tech industries. The suggested model helped to analyze the efficiency of various mechanisms of enterprise strategies coordination in implementation of interrelated innovative technologies. The article studies the market mechanisms of coordination, as well as the mechanisms of compensations to members of unimplemented innovative projects. We also analyzed the impact of institutional factors (such as trust in the systems integrator of the project, transparency of innovative development strategy) on the efficiency of such mechanisms. Special attention is paid to the specific features of the military-industrial complex, the problems of which are the most challenging in this respect. We made a conclusion about the inevitable need for the centrally controlled implementation of innovative technologies by Russian high-tech industries, which fulfill large-scale modernization and import substitution programs. This suggests construction of integral innovative technological chains in state corporations, making their links independent. The article comes up with recommendations focusing on enhancement of the market incentives for participation of independent small and medium-sized enterprises in innovative projects of large high-tech corporations.

DOI: 10.5901/mjss.2015.v6n4s4p172