Title: Russian high-tech business incubators: functional-and-value analysis approach

Authors: Nina K. Moiseeva; Janna Smirnova; Davide Infante

Addresses: Department of Marketing and Project Management, National Research University of Electronic Technology (MIET), Bld. 5, Pas. 4806, Zelenograd, Moscow, 124498, Russia ' Department of Economics, Statistics and Finance, University of Calabria, Via Pietro Bucci, Arcavacata di Rende, Cosenza, 87036, Italy ' Department of Economics, Statistics and Finance, University of Calabria, Campus di Arcavacata di Rende, Cosenza, 87036, Italy

Abstract: The application of value management as well as functional-and-value analysis is still at the development stage in the Russian economy. Our work analyses the application of these methods in the particular case of high-tech business incubators. We investigate and analyse the advantages that functional-and-value analysis provides for the R&D-intensive field, taking into account the economic and social motivations in the establishment of a business incubator, its organisation and interaction with internal and external components. In this context we also determine the importance of value management and value analysis in enhancing internationalisation of high-tech Russian enterprises. Finally, the evolution process of value management and functional-and-value analysis in the conditions of the idiosyncratic Russian economy is described and crucial factors of modern tendencies, such as greater efficiency but high risk aversion are highlighted.

Keywords: business incubators; Russia; functional-and-value analysis; high-tech firms; high technology; value management; social motivation; economic motivation; efficiency; risk aversion.

DOI: 10.1504/IJEBR.2014.064121

International Journal of Economics and Business Research, 2014 Vol.8 No.2, pp.193 - 204

Received: 09 Jul 2013
Accepted: 30 Jul 2013
Published online: 29 Aug 2014 *

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