The US Network Innovation Model
Shlapak A. V.

Shlapak, Alla V. (2019) “The US Network Innovation Model.” The Problems of Economy 3:23–28.
https://doi.org/10.32983/2222-0712-2019-3-23-28

Section: World economy and international relations

UDC 005.336

Abstract:
The aim of the article is to study the latest network models of R & D of TNCs, which appeared as a result of the internationalization of their activities and the intensification of competition in world markets. The role of innovation ventures in the processes of scientific and technological progress in the United States is determined. American corporate business structures, being the undisputed world leaders in terms of cost of investing in R&D and effectiveness of the development of financial resources for its implementation, concentrating in their innovation activities on the mass introduction of pioneering technologies into production and their commercialization, have become the main engine of global scientific, technical and innovation progress and interstate transfer of high technologies in recent decades. The competitive struggle of American TNCs for global technological leadership is analyzed, and the diversification of the global consumer needs for new samples of innovation-intensive products is increasingly motivating American TNCs for profound qualitative changes in the innovation management system. They are manifested in the gradual shifting of corporations from the traditional centralized model of organizing their R & D to the development of a network model of research and development implying wider use by corporations of complex international specialization in R & D with deep integration of innovative activities throughout the corporate structure. The current conditions of technoglobalism significantly aggravate the competition among companies for dominance in the high-tech segment of the global market, creating powerful incentives for trading in technologies and innovative developments, implementing corporate integration strategies and deepening international scientific and technological cooperation based on the principles of strategic partnership and co-opetition. At the same time, the development of strategic inter-corporate relations in the field of science and technology is considered by corporations as a rational alternative to mergers and acquisitions.

Keywords: innovative activity of TNCs, global leadership of the United States, management of TNCs, venture, venture capital financing.

Fig.: 1. Tabl.: 1. Bibl.: 10.

Shlapak Alla V. – Candidate of Sciences (Economics), Associate Professor, Professor, Department of International Accounting and Auditing, Kyiv National Economic University named after Vadym Hetman (54/1 Beresteiskyi Ave., Kyiv, 03057, Ukraine)
Email: andavydenko@kneu.edu.ua

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