6. MANAGEMENT

The formation of economic mechanisms of corporate markets, stimulating the activation of innovative entrepreneurship

Vladislav V. Titov
1. Institute of Economics and Industrial Engineering SB RAS, Novosibirsk, Russia
2. Novosibirsk State University
titov@ieie.nsc.ru
Anton A.Goruyshkin
1. Institute of Economics and Industrial Engineering SB RAS, Novosibirsk, Russia
2. Novosibirsk State University
angor@ieie.nsc.ru
The material was received by the Editorial Board: 20/11/2016
Abstract
As noted by the academician N. P. Fedorenko, «economic incentives is quite rightly regarded as a force deliberately included in the system of optimal functioning of the economy». Thus, the considered problem is relevant for not only the founders and owners of individual firms and corporations, but also for the economy as a whole. The purpose of this research is to develop a theoretical and methodological approach to solving the problem of stimulation of entrepreneurship, innovation and investment activity in industrial enterprises (and other organizations) on the basis of economic incentives of their employees, ensuring the implementation of this process. The problem lies in the construction of such economic mechanism that would provide incentives at not only the level of the Corporation as a whole, but at each firm (enterprise) and division of firm level and would affect the activity of each employee. This mechanism will be viable only if the distribution of the profit received from realization of work and services in all divisions of the enterprise, firms, corporations involved in carrying out such works in accordance with the quantity and effectiveness of their work based on value added. It uses the principle of self-organization and self-government based on the allocation of the final economic result of their activities using specially designed intra-firm, transfer prices.

Keywords
stimulation of innovative business activity, mechanism of economic incentives, transfer prices, profit distribution proportional to the value added by firms, corporations, divisions of firms.

The formation of economic mechanisms of corporate markets, stimulating the activation of innovative entrepreneurship
Read more


References
  1. Titov V. V., Anisimov B. N., Averkin P. A., Goryushkin A. A. Development of conceptual regulations of economic management principles of the sanatorium, stimulating the growth of productivity and labor efficiency. In: Innovatsionnaya model biznesa: motivatsiya ispol`zovaniya innovatsiyi i economicheskogo rosta. V. V. Titov, V. D. Markova (Ed.). Novosibirsk, IEIE SB RAS, 2012, p. 5–32 (In Russ). 
  2. Anisimov B. N., Titov V. V. Upravlenie real`niymi economicheskimi protsessami na osnove xozyastvennogo rascheta [The management of real economic processes on the basis of economic calculation]. N. A. Kravchenko (Ed.). Novosibirsk, IEIE SB RAS, 2013. 195 p. (In Russ). 
  3. Upravlenie sovremennoi kompaniei [Management of modern company]. B. Mil`nera, F. Liisa (Ed.). M.: INFRA-M, 2001. 586 p. (In Russ). 
  4. Schjelderup G., Sorgard L. Transfer pricing as a strategic device for decentralized multinationals. International Tax and Public Finance. 1977. Т. 4 (3). Р. 277–290. 
  5. Belkin O. A. Transfertniye tseniy v korporatsiyah [Transfer prices in corporations]. Vestnik economicheskoi integratsii, 2008, no. 4, p. 142–144. (In Russ). 
  6. Mirgorodskaya M. G. Transfertniye tseniy kak instrument formirovaniya pribiyli v otchetnosti holdiga [Transfer price as a tool to enhance profit in the financial statements of holdings]. Economicheskie nauki, 2013, no. 104, p. 71–74. (In Russ). 
  7. Pleschinskiy A. S. Optimizatsiya mejfirmennyih vzaimodeystviy i vnutrifirmennyih upravlencheskih resheniy [Optimization of inter-firm interactions and firm-level management decisions]. M.: Nauka, 2004. 254 p. (In Russ). 
  8. Goncharov V. V. Rukovodstvo dlya viysshego upravlencheskogo personala [Leadership for top management]. M.: MNIIPY, 2002. vol. 1, p. 521–535. (In Russ). 
  9. Titov V. V. Organizatsiya vnutrizavodskogo hoziastvennogo mechanizma kak vnoutrennego regoulirouemogo riynka [The internal organization of the economic mechanism as a domestic regulated market]. Upravlenie promiyshlenniymi predpriyatiyami v usloviyah riynka. N. B. Mironosetskiy, L. V. Kirina (Ed.). Novosibirsk, IEIE SB RAS, 1993, p. 18–30 (In Russ). 
  10. Titov V. V. Optimizatsiya prinyatiya resheniy v upravlenii promyishlennoy korporatsiey. Voprosyi metodologii i modelirovaniya [Optimizing decision making in the management of an industrial Corporation. Issues of methodology and modelling]. Saarbrucken : Palmarium Academic Publishing, 2013. 337 p.

References: Titov V. V., Goryushkin А. A. The formation of economic mechanisms of corporate markets, stimulating the activation of innovative entrepreneurship. World of Economics and Management. 2017, vol. 17, no. 1. P. 135–144. DOI: 10.25205/2542-0429-2017-17-1-135-144