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Undertaking innovation activities at enterprises: A model for building efficient teams

Author

Listed:
  • Irina A. Solovyeva

    (South Ural State University, Chelyabinsk, Russia)

  • Irina A. Mostovshchikova

    (South Ural State University, Chelyabinsk, Russia)

Abstract

The pandemic-induced financial crisis forces modern Russian enterprises to look for ways to maximise their efficiency while keeping financial investment to a minimum. A potential avenue is to attain a high level of innovation feasibility due to efficient human resource management, in particular through the optimal distribution of employees between projects. The research aims to investigate the possibilities and limitations of contemporary mechanisms for building effective teams and develop a model for staffing innovation activities at enterprises. The methodological basis of the research includes the theory of team effectiveness and team intelligence, conceptual understandings of team formation modelling. In terms of the methods, the study uses in-depth interviews, projective techniques, modified semantic and personal differential, economic statistical modelling, qualification testing, Markowitz portfolio analysis, and digital methods for addressing the issues of optimisation. The authors propose a three-level model for staffing innovation activities, which allows determining and adjusting the composition of teams quickly in line with the company goals and for specific projects. Testing of the model at the case of an enterprise in Chelyabinsk oblast demonstrated its efficiency and practical value. The adoption of the model promotes income growth, diminishes risks of innovation activities, and shortens the payback period of projects, which is especially important for innovative products, where the time to market often plays a decisive role.

Suggested Citation

  • Irina A. Solovyeva & Irina A. Mostovshchikova, 2021. "Undertaking innovation activities at enterprises: A model for building efficient teams," Journal of New Economy, Ural State University of Economics, vol. 22(2), pages 110-133, July.
    • Handle: RePEc:url:izvest:v:22:y:2021:i:2:p:110-133
    DOI: 10.29141/2658-5081-2020-22-2-6
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    References listed on IDEAS

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    1. Yana V. SAVCHENKO, 2018. "Developing the project management system in public authorities at meso-level," Upravlenets, Ural State University of Economics, vol. 9(6), pages 58-67, December.
    2. Jürgen Mihm & Christoph Loch & Arnd Huchzermeier, 2003. "Problem--Solving Oscillations in Complex Engineering Projects," Management Science, INFORMS, vol. 49(6), pages 733-750, June.
    3. Christoph H. Loch & Christian Terwiesch, 1998. "Communication and Uncertainty in Concurrent Engineering," Management Science, INFORMS, vol. 44(8), pages 1032-1048, August.
    4. Fedor Zotov & Rim Muzipov, 2012. "Innovation tools of economic development of the enterprise," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 191-196.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    innovation activities; team; efficiency; innovation; innovation project; staff profitability;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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