GSTF Journal on Business Review (GBR)

, 4:26

First online:

Open Access This content is freely available online to anyone, anywhere at any time.

Implementation of the Innovation Development Process for the Certain Region in the Framework of Clusters

  • Tsertseil Juliya SergeevnaAffiliated withFinancial Management Department, Plekhanov Russian University of Economics


The given work contains theoretical and practical aspects of innovation development at the enterprise within the frames of a cluster. The research in the field of innovation activities was carried out by such scientifical men as Igor H. Ansoff; J. Bailey, D. Bell, John Kenneth Galbraith, Peter Drucker; D. Swaim, N. Kelley, M. Porter, Douglass North, Oliver E. Williamson, etc. Innovation processes based on the staff’s intellectual activity and utilization of intellectual resources do not only increase balance sheet value and market price of enterprise assets but appears to be a key innovation factor of its functioning performance. The innovational character of the business processes implicates transition to the following relevant level of development determining a new structure of the enterprise manufacturing costs, optimization of its productive activity, increase in sales receipts as a result of amelioration of consumptive qualities of easy-to-sell goods, works and services what implies the utilization of the enterprise intellectual capital.

Key words:

innovation intellectual capital composition and structure of intellectual capital cluster