This article provides an explanation of the reasons for the low
intensity of innovative behavior in the vast majority of Russian
industrial companies found in a survey of corporate executives
administered in 2011. I found two major causes for the situation
when companies possess sufficient innovative capabilities but lack
the motivation to use such capabilities for real innovative actions:
the positive perception of the CEOs about the already achieved
competitive positions of their companies and the unwillingness of
shareholders who act as dominant stakeholders of most Russian
industrial companies to bear additional risks associated with innovations.
I labeled this ‘‘Ilya Muromets syndrome’’: Like the youth of
the Russian hero Ilya Murmonets, Russian industrial firms seem to
be trapped in their bed of complacency, and only exceptional
circumstances can stir them to heroic innovative actions.
The extant literature acknowledges the role of overseas subsidiaries in the growth and development of multinational companies (MNCs). Such subsidiaries are viewed as critical players in the innovation process at MNCs. This topic remains largely underresearched in the Russian context. This study aims to fill this gap by examining the dynamics of the innovation process in Russianbased subsidiaries of global MNCs. We present qualitative findings that indicate Russian subsidiaries are not only recipients of knowledge and technology developed elsewhere in the MNCs.
The article is devoted to the analysis of major trends in innovation activities in Russia before and after the 2008 global financial crisis. Its particular focus is a discussion of a new post-crisis model of innovation policies in the context of institutional peculiarities of the national innovation system. The article is based on the findings of the studies undertaken by the authors and describes major challenges and opportunities for more efficient policy regulation, including both supply and demand sides. It also initiates a discussion on a social dimension of innovation and allied priorities and instruments for the public innovation policy in Russia.