The main factor in the development of the Russian economy at present is human
capital. The capitalization of the human factor, i.e. the transformation of knowledge
into value added, is impossible without increasing innovation activity. In Russia,
despite the rather high educational level of the population, there is low innovation
activity in comparison with the leading countries. There is a clear contradiction. One
problem is the assessment of human capital. The article presents the author's method
of assessing the human capital of an innovative organization. To determine the
scenario of human capital development, a theoretical matrix is used, which
characterizes the interdependence of the level of human capital assessment and the
effectiveness of innovative activity of the organization.
The document summarizes key findings from interviews with Russian pharmaceutical producers, experts, and officials about challenges in implementing Russia's "Pharma 2020 Strategy". The strategy aims to transition Russia's pharmaceutical industry to an innovation model by 2020, but experts expressed skepticism about whether the strategy's methods can attract needed investment. While some targets like 50-60% localized production seem unrealistic, over 50% of experts still support the strategy for ensuring Russia's "biological security". However, the funds allocated are unlikely to cover costs, and obstacles to exports may limit returns on investment in domestic production. Effective use of allocated funds will be important for the strategy's success.
This document analyzes survey data from 220 Polish manufacturing firms from 1998-2003 to identify factors of employment growth and firm performance. It finds that firms which viewed themselves as more competitive, innovated more, and were privatized earlier performed better in terms of employment levels. However, econometric analysis showed that only foreign ownership had a statistically significant positive impact on revenues, productivity, profits and wages. The study provides insights into how different factors like competitiveness, technology, ownership and privatization affected employment growth and firm performance in Polish manufacturing during transition.
This document discusses the need for Russia to promote economic development through innovation and entrepreneurship. It proposes establishing Centers of Competence (CCs) at Russian universities to better link research and industry. CCs would integrate university knowledge, industry expertise, and government support to boost regional economic growth through commercialization of innovations. The first proposed CC would be at Perm National Research Polytechnic University to engage stakeholders in developing and applying new technologies. CCs aim to help diversify Russia's economy beyond natural resources and better compete globally through technology and knowledge-based growth.
The regulatory environment for businesses in Ukraine has been considered unfavorable and market unfriendly. Although various governments have made numerous efforts to improve it, many of these attempts have failed and increasing the quality of the regulatory environment in the country still remains on the agenda of the government. With this report we claim to review a set of measures undertaken in Ukraine after the Orange Revolution in the area of deregulation of business activity. The paper analyzes the effectiveness of actions undertaken in Ukraine in a general framework of successful regulatory policies implemented in other parts of the world. Based on this analysis we developed concrete public policy measures aiming to increase the quality of the regulatory environment in the country, which, in turn, should secure Ukraine’s further movement toward a real, functioning market economy.
Authored by: Ewa Balcerowicz, Oleg Ustenko
Published in 2006
The report reviews key issues in energy trade and cooperation between the EU and CIS countries. It describes historical trends of oil and gas demand in the EU, other European and CIS countries and offers demand forecasts until 2030. Recent developments in oil and gas production and exports from Russia and Caspian countries are covered in detail leading to the discussion of the likely export potential of these regions. The key factors determining the production outlook, trade-offs and competition related to energy resources transportation choices are also discussed. The report also covers the interests and role of transit countries in relations between producer and consumer regions. The analytical section leads to policy recommendations that focus mainly on the EU.
Authored by: Sabit Bagirov, Leonid Grigoriev, Wojciech Paczynski, Vladimer Papava, Marcel Salikhov, Michael Tokmazishvili
Published in 2009
The document summarizes the Ukrainian pharmaceutical market and reasons for starting a business there. It notes that Ukraine has a large pharmaceutical market with over $2.8 billion in retail sales in 2019. The market is growing in both monetary and physical terms. Foreign manufacturers are increasing their market share. Ukraine also offers low costs for doing business, a large workforce, and natural attractions for tourism. The agency provides various consulting services to help companies enter and succeed in the Ukrainian pharmaceutical market.
The document summarizes key findings from interviews with Russian pharmaceutical producers, experts, and officials about challenges in implementing Russia's "Pharma 2020 Strategy". The strategy aims to transition Russia's pharmaceutical industry to an innovation model by 2020, but experts expressed skepticism about whether the strategy's methods can attract needed investment. While some targets like 50-60% localized production seem unrealistic, over 50% of experts still support the strategy for ensuring Russia's "biological security". However, the funds allocated are unlikely to cover costs, and obstacles to exports may limit returns on investment in domestic production. Effective use of allocated funds will be important for the strategy's success.
This document analyzes survey data from 220 Polish manufacturing firms from 1998-2003 to identify factors of employment growth and firm performance. It finds that firms which viewed themselves as more competitive, innovated more, and were privatized earlier performed better in terms of employment levels. However, econometric analysis showed that only foreign ownership had a statistically significant positive impact on revenues, productivity, profits and wages. The study provides insights into how different factors like competitiveness, technology, ownership and privatization affected employment growth and firm performance in Polish manufacturing during transition.
This document discusses the need for Russia to promote economic development through innovation and entrepreneurship. It proposes establishing Centers of Competence (CCs) at Russian universities to better link research and industry. CCs would integrate university knowledge, industry expertise, and government support to boost regional economic growth through commercialization of innovations. The first proposed CC would be at Perm National Research Polytechnic University to engage stakeholders in developing and applying new technologies. CCs aim to help diversify Russia's economy beyond natural resources and better compete globally through technology and knowledge-based growth.
The regulatory environment for businesses in Ukraine has been considered unfavorable and market unfriendly. Although various governments have made numerous efforts to improve it, many of these attempts have failed and increasing the quality of the regulatory environment in the country still remains on the agenda of the government. With this report we claim to review a set of measures undertaken in Ukraine after the Orange Revolution in the area of deregulation of business activity. The paper analyzes the effectiveness of actions undertaken in Ukraine in a general framework of successful regulatory policies implemented in other parts of the world. Based on this analysis we developed concrete public policy measures aiming to increase the quality of the regulatory environment in the country, which, in turn, should secure Ukraine’s further movement toward a real, functioning market economy.
Authored by: Ewa Balcerowicz, Oleg Ustenko
Published in 2006
The report reviews key issues in energy trade and cooperation between the EU and CIS countries. It describes historical trends of oil and gas demand in the EU, other European and CIS countries and offers demand forecasts until 2030. Recent developments in oil and gas production and exports from Russia and Caspian countries are covered in detail leading to the discussion of the likely export potential of these regions. The key factors determining the production outlook, trade-offs and competition related to energy resources transportation choices are also discussed. The report also covers the interests and role of transit countries in relations between producer and consumer regions. The analytical section leads to policy recommendations that focus mainly on the EU.
Authored by: Sabit Bagirov, Leonid Grigoriev, Wojciech Paczynski, Vladimer Papava, Marcel Salikhov, Michael Tokmazishvili
Published in 2009
The document summarizes the Ukrainian pharmaceutical market and reasons for starting a business there. It notes that Ukraine has a large pharmaceutical market with over $2.8 billion in retail sales in 2019. The market is growing in both monetary and physical terms. Foreign manufacturers are increasing their market share. Ukraine also offers low costs for doing business, a large workforce, and natural attractions for tourism. The agency provides various consulting services to help companies enter and succeed in the Ukrainian pharmaceutical market.
The factors determining the profitability of low cost airlines, march 2020basirpm
This document discusses a study examining the financial factors that affect the profitability of low-cost airlines. The study analyzes 16 low-cost airlines from 2004-2017 using panel data analysis. Two models are used, with return on assets and return on equity as the dependent variables. The findings show that growth opportunities and asset structure affect profitability in the first model. In the second model, growth opportunities, asset structure, and leverage level impact profitability. The document provides context on previous related studies and outlines the methodology and contributions of this particular study.
China venture capital industry indepth research and investment strategic plan...Qianzhan Intelligence
This document provides a summary of the China Venture Capital Industry Indepth Research and Investment Strategic Planning Report from 2013 to 2017. It discusses the relevant background of the venture capital industry in China, including concepts, development opportunities and challenges, competition among venture capital entities, and venture capital models of different countries and regions. It also analyzes the operation and development of the venture capital industry in China, comparing Chinese venture capital institutions to those abroad. Finally, it examines typical successful and unsuccessful venture capital cases in China to identify factors contributing to their outcomes. The overall document conducts a comprehensive analysis of the current status and future trends of the venture capital industry in China.
Coronary stents global trends, estimates and forecasts, 2012-2018Research Hub
This document provides an overview and market analysis of the global coronary stents market from 2012-2018. Some key points:
- The global coronary stents market is projected to reach $9.5 billion by 2016, with North America and Europe currently making up around 70% of the total market value.
- Drug-eluting stents are expected to maintain over 55% of the global market share through 2015, with polymer stent coating being the fastest growing segment.
- The report analyzes the coronary stents market by type, coating, and geographic region, and provides growth rate forecasts for market segments. It also identifies investment opportunities and competitive strategies.
This document is a monthly report on the Ukrainian pharmaceutical market from March 2016. It provides key macroeconomic indicators for Ukraine from February 2015 to February 2016, including GDP growth, export/import levels, unemployment, and exchange rates. It also gives pharmaceutical industry-specific data over the same time period, such as export/import of pharmaceutical products, retail sales volumes and values, weighted average cost per pack, and the market share of local vs. foreign companies. The report concludes with a summary of recent economic events in Ukraine.
China industrial gas industry market forecast and investment strategic planni...Qianzhan Intelligence
The document provides an overview and analysis of China's industrial gas industry from 2011-2017. It discusses key topics like the industry definition, value chain, market environment, development status, economic indexes, supply and demand balance, imports and exports, and competitive structure. The analysis is based on extensive data collection and aims to help companies understand industry trends and make informed business decisions.
China pharmaceutical excipients industry indepth research and investment stra...Qianzhan Intelligence
The document discusses China's pharmaceutical excipients industry. It notes that the quality of excipients directly impacts the quality of drug preparations. The development of excipients in China has lagged the pharmaceutical industry. However, recent events have brought increased attention to excipients and driven their development. The report analyzes the industry's environment, market size, competitors, and prospects for development. It aims to provide a comprehensive overview of the current state and future trends in China's pharmaceutical excipients sector.
The document discusses trade and investment cooperation between Thailand and Russia. It provides a chronology of the relationship between the two countries beginning in the 19th century. Bilateral trade has grown significantly in recent years, with Russian exports to Thailand including fuel and energy, and Thai exports including agricultural and food products. Key industries for cooperation include energy, real estate, defense, and agriculture. Challenges to investment include regulatory issues and economic instability, but opportunities exist in sectors such as agriculture, mining, and infrastructure development. Several successful Thai investments in Russia are highlighted.
The document discusses Russia's Project 5-100 which aims to have five Russian universities ranked among the top 100 universities in the world by 2020. It provides updates on the progress being made by the 15 universities participating in the project. It notes that seven Russian universities were ranked in the top 100 of the Times Higher Education BRICS & Emerging Economies Rankings in 2015, up from just two in 2014. It also discusses how the participating universities are working to internationalize their research through collaborations with international partners to help improve their global reputations and rankings.
The purpose of this paper is to analyze the sources, economic and social characteristics, of growth recovery, which followed the first period of output decline in two transition countries – Poland and Russia. They represent two different groups of transition countries (new EU member states vs. CIS) in terms of adopted transition strategy and accomplished results. Generally, fast reformers succeeded and slow reformers experienced a lot of troubles. Although eventually all former communist countries entered the path of economic growth, those which moved slowly lost sometimes the whole decade. Social costs of slow reforms were also dramatic: income degradation and rising inequalities, high level of poverty and corruption, various social and institutional distortions and pathologies, violation of human rights and civil and economic liberties, attempts of authoritarian restoration, etc.
Authored by: Marek Dabrowski, Oleksandr Rohozynsky, Irina Sinitsina
Published in 2004
This document provides a summary of a thesis about emerging multinational companies from Central and Eastern Europe. The thesis analyzes different models of internationalization, the importance of foreign direct investment, and internationalization strategies through case studies of three companies from Poland and the Czech Republic. The thesis finds that companies from emerging markets can successfully compete globally and challenges the outdated view that multinationals only come from Western countries.
The document summarizes the St. Petersburg International Forum on Pharmacy, Medical Equipment, and Biotechnology held in April 2012. Over 1,000 participants from Russia and abroad attended to discuss innovative development in the pharmaceutical, biotechnology, and medical industries. Key topics included attracting investment, introducing new technologies, and promoting locally made products internationally. The forum featured business programs, exhibitions, tours, and award ceremonies recognizing achievements in these fields. It aimed to facilitate cooperation to advance the regional medical and pharmaceutical cluster in St. Petersburg. Plans were announced for the next IPhEB forum to be held in April 2013.
The document summarizes the current state and future prospects of the health care industry in Russia and the region of Tatarstan. It outlines that the Russian market is large and growing, with an aging population driving increased demand. The government is undertaking major reforms through 2020 to encourage local production, R&D, and increase spending. This includes legal changes favoring domestic manufacturers and 4.2 billion in investments. The region of Tatarstan is highlighted as a success story within Russia's health care industry.
RDIF, Russia’s sovereign wealth fund, and the Foundation of the International Medical Cluster (IMC Foundation, established by the Government of Moscow) announce a partnership aimed at attracting investments in medical projects.
The problem of managing the R&D sector sustainability in Russia is of particular
relevance in terms of scaling external and internal challenges faced by the country. Such
challenges require an even greater intensification of the efforts to solve the problems
accumulated in Russian economy and innovation system and associated with the state
transition to new technological way. A key criterion of R&D sector competitive
sustainability is the creation of practice-oriented and relevant results of intellectual
activity. Correlation analysis of innovative activity indicators in developed countries over
the 2007-2015 revealed a pattern of two-fold excess of export licenses over the amount of
public investment in science. This dependence is crucial in the study of competitive
sustainability within R&D sector. The method of assessing the efficiency of public
spending on R&D, including an analysis of the dynamics of the growth rate of
performance indicators and their financing in case of R&D completed in the period is
proposed as the main management tool of R&D sector competitive sustainability.
STRATEGIES FOR THE INSTITUTIONALIZATION OF INNOVATION PRACTICES IN RUSSIAN RE...IAEME Publication
The methodology of managing the social/economic sphere in a region incorporates both general foundations and particular specific prospects for fostering innovation. The innovation trajectory in present-day Russia is aimed at enhancing quality and improving productivity, expanding the markets, boosting the population’s well-being, and opening up new vistas of opportunity. Innovation plays a key role in resolving many regional issues that, above all, are associated with social/economic life in society. Today, a major factor in fostering human capital and speeding up the pace of innovation-driven development is the use of new technology, which is crucial to creating a successful system of interaction between the government, the business sector, industry, and the scientific/technical sector. But innovation is hardly possible without employing foresight, analysis, and forecasting, as the nature of social/economic development in any region may undergo changes over time based on a focus on cultivating innovation potential. This paper examines the current situation in Volgograd Oblast with a view to bringing forward a set of recommendations on resolving the region’s existing problems.
Big opportunities, mixed capabilities - Bridging the talent gap in the global...Kelly Services
Big opportunities, mixed capabilities mark the global life sciences talent landscape. While emerging markets like China and India are producing large numbers of STEM graduates, many require additional training to meet industry standards. At the same time, established companies face pressures as blockbuster drugs lose patent protection and workforces age. To bridge talent gaps, life sciences companies should pursue international collaboration and outsourcing while broadening recruitment to tap into new pools of STEM talent from schools to retired professionals. Cultivating partnerships globally and tapping diverse talent pipelines will help companies adapt to challenges and opportunities in the dynamic life sciences sector.
This document discusses clinical and economic analyses that were conducted on non-medical technologies in Russia. It summarizes two studies: 1) A study analyzing the cost-effectiveness of using diapers to prevent contact dermatitis and pressure ulcers in immobilized patients with urinary incontinence. An economic Markov model was developed and the costs of prevention versus treatment were calculated. 2) A clinical and economic evaluation of physiotherapy technologies that assessed organizational aspects and clinical efficacy. Overall, the document finds that non-drug medical technologies are less rigorously evaluated for efficiency and safety in Russia compared to drug technologies.
The factors determining the profitability of low cost airlines, march 2020basirpm
This document discusses a study examining the financial factors that affect the profitability of low-cost airlines. The study analyzes 16 low-cost airlines from 2004-2017 using panel data analysis. Two models are used, with return on assets and return on equity as the dependent variables. The findings show that growth opportunities and asset structure affect profitability in the first model. In the second model, growth opportunities, asset structure, and leverage level impact profitability. The document provides context on previous related studies and outlines the methodology and contributions of this particular study.
China venture capital industry indepth research and investment strategic plan...Qianzhan Intelligence
This document provides a summary of the China Venture Capital Industry Indepth Research and Investment Strategic Planning Report from 2013 to 2017. It discusses the relevant background of the venture capital industry in China, including concepts, development opportunities and challenges, competition among venture capital entities, and venture capital models of different countries and regions. It also analyzes the operation and development of the venture capital industry in China, comparing Chinese venture capital institutions to those abroad. Finally, it examines typical successful and unsuccessful venture capital cases in China to identify factors contributing to their outcomes. The overall document conducts a comprehensive analysis of the current status and future trends of the venture capital industry in China.
Coronary stents global trends, estimates and forecasts, 2012-2018Research Hub
This document provides an overview and market analysis of the global coronary stents market from 2012-2018. Some key points:
- The global coronary stents market is projected to reach $9.5 billion by 2016, with North America and Europe currently making up around 70% of the total market value.
- Drug-eluting stents are expected to maintain over 55% of the global market share through 2015, with polymer stent coating being the fastest growing segment.
- The report analyzes the coronary stents market by type, coating, and geographic region, and provides growth rate forecasts for market segments. It also identifies investment opportunities and competitive strategies.
This document is a monthly report on the Ukrainian pharmaceutical market from March 2016. It provides key macroeconomic indicators for Ukraine from February 2015 to February 2016, including GDP growth, export/import levels, unemployment, and exchange rates. It also gives pharmaceutical industry-specific data over the same time period, such as export/import of pharmaceutical products, retail sales volumes and values, weighted average cost per pack, and the market share of local vs. foreign companies. The report concludes with a summary of recent economic events in Ukraine.
China industrial gas industry market forecast and investment strategic planni...Qianzhan Intelligence
The document provides an overview and analysis of China's industrial gas industry from 2011-2017. It discusses key topics like the industry definition, value chain, market environment, development status, economic indexes, supply and demand balance, imports and exports, and competitive structure. The analysis is based on extensive data collection and aims to help companies understand industry trends and make informed business decisions.
China pharmaceutical excipients industry indepth research and investment stra...Qianzhan Intelligence
The document discusses China's pharmaceutical excipients industry. It notes that the quality of excipients directly impacts the quality of drug preparations. The development of excipients in China has lagged the pharmaceutical industry. However, recent events have brought increased attention to excipients and driven their development. The report analyzes the industry's environment, market size, competitors, and prospects for development. It aims to provide a comprehensive overview of the current state and future trends in China's pharmaceutical excipients sector.
The document discusses trade and investment cooperation between Thailand and Russia. It provides a chronology of the relationship between the two countries beginning in the 19th century. Bilateral trade has grown significantly in recent years, with Russian exports to Thailand including fuel and energy, and Thai exports including agricultural and food products. Key industries for cooperation include energy, real estate, defense, and agriculture. Challenges to investment include regulatory issues and economic instability, but opportunities exist in sectors such as agriculture, mining, and infrastructure development. Several successful Thai investments in Russia are highlighted.
The document discusses Russia's Project 5-100 which aims to have five Russian universities ranked among the top 100 universities in the world by 2020. It provides updates on the progress being made by the 15 universities participating in the project. It notes that seven Russian universities were ranked in the top 100 of the Times Higher Education BRICS & Emerging Economies Rankings in 2015, up from just two in 2014. It also discusses how the participating universities are working to internationalize their research through collaborations with international partners to help improve their global reputations and rankings.
The purpose of this paper is to analyze the sources, economic and social characteristics, of growth recovery, which followed the first period of output decline in two transition countries – Poland and Russia. They represent two different groups of transition countries (new EU member states vs. CIS) in terms of adopted transition strategy and accomplished results. Generally, fast reformers succeeded and slow reformers experienced a lot of troubles. Although eventually all former communist countries entered the path of economic growth, those which moved slowly lost sometimes the whole decade. Social costs of slow reforms were also dramatic: income degradation and rising inequalities, high level of poverty and corruption, various social and institutional distortions and pathologies, violation of human rights and civil and economic liberties, attempts of authoritarian restoration, etc.
Authored by: Marek Dabrowski, Oleksandr Rohozynsky, Irina Sinitsina
Published in 2004
This document provides a summary of a thesis about emerging multinational companies from Central and Eastern Europe. The thesis analyzes different models of internationalization, the importance of foreign direct investment, and internationalization strategies through case studies of three companies from Poland and the Czech Republic. The thesis finds that companies from emerging markets can successfully compete globally and challenges the outdated view that multinationals only come from Western countries.
The document summarizes the St. Petersburg International Forum on Pharmacy, Medical Equipment, and Biotechnology held in April 2012. Over 1,000 participants from Russia and abroad attended to discuss innovative development in the pharmaceutical, biotechnology, and medical industries. Key topics included attracting investment, introducing new technologies, and promoting locally made products internationally. The forum featured business programs, exhibitions, tours, and award ceremonies recognizing achievements in these fields. It aimed to facilitate cooperation to advance the regional medical and pharmaceutical cluster in St. Petersburg. Plans were announced for the next IPhEB forum to be held in April 2013.
The document summarizes the current state and future prospects of the health care industry in Russia and the region of Tatarstan. It outlines that the Russian market is large and growing, with an aging population driving increased demand. The government is undertaking major reforms through 2020 to encourage local production, R&D, and increase spending. This includes legal changes favoring domestic manufacturers and 4.2 billion in investments. The region of Tatarstan is highlighted as a success story within Russia's health care industry.
RDIF, Russia’s sovereign wealth fund, and the Foundation of the International Medical Cluster (IMC Foundation, established by the Government of Moscow) announce a partnership aimed at attracting investments in medical projects.
The problem of managing the R&D sector sustainability in Russia is of particular
relevance in terms of scaling external and internal challenges faced by the country. Such
challenges require an even greater intensification of the efforts to solve the problems
accumulated in Russian economy and innovation system and associated with the state
transition to new technological way. A key criterion of R&D sector competitive
sustainability is the creation of practice-oriented and relevant results of intellectual
activity. Correlation analysis of innovative activity indicators in developed countries over
the 2007-2015 revealed a pattern of two-fold excess of export licenses over the amount of
public investment in science. This dependence is crucial in the study of competitive
sustainability within R&D sector. The method of assessing the efficiency of public
spending on R&D, including an analysis of the dynamics of the growth rate of
performance indicators and their financing in case of R&D completed in the period is
proposed as the main management tool of R&D sector competitive sustainability.
STRATEGIES FOR THE INSTITUTIONALIZATION OF INNOVATION PRACTICES IN RUSSIAN RE...IAEME Publication
The methodology of managing the social/economic sphere in a region incorporates both general foundations and particular specific prospects for fostering innovation. The innovation trajectory in present-day Russia is aimed at enhancing quality and improving productivity, expanding the markets, boosting the population’s well-being, and opening up new vistas of opportunity. Innovation plays a key role in resolving many regional issues that, above all, are associated with social/economic life in society. Today, a major factor in fostering human capital and speeding up the pace of innovation-driven development is the use of new technology, which is crucial to creating a successful system of interaction between the government, the business sector, industry, and the scientific/technical sector. But innovation is hardly possible without employing foresight, analysis, and forecasting, as the nature of social/economic development in any region may undergo changes over time based on a focus on cultivating innovation potential. This paper examines the current situation in Volgograd Oblast with a view to bringing forward a set of recommendations on resolving the region’s existing problems.
Big opportunities, mixed capabilities - Bridging the talent gap in the global...Kelly Services
Big opportunities, mixed capabilities mark the global life sciences talent landscape. While emerging markets like China and India are producing large numbers of STEM graduates, many require additional training to meet industry standards. At the same time, established companies face pressures as blockbuster drugs lose patent protection and workforces age. To bridge talent gaps, life sciences companies should pursue international collaboration and outsourcing while broadening recruitment to tap into new pools of STEM talent from schools to retired professionals. Cultivating partnerships globally and tapping diverse talent pipelines will help companies adapt to challenges and opportunities in the dynamic life sciences sector.
This document discusses clinical and economic analyses that were conducted on non-medical technologies in Russia. It summarizes two studies: 1) A study analyzing the cost-effectiveness of using diapers to prevent contact dermatitis and pressure ulcers in immobilized patients with urinary incontinence. An economic Markov model was developed and the costs of prevention versus treatment were calculated. 2) A clinical and economic evaluation of physiotherapy technologies that assessed organizational aspects and clinical efficacy. Overall, the document finds that non-drug medical technologies are less rigorously evaluated for efficiency and safety in Russia compared to drug technologies.
This document is the first public analytical report on implementing Russia's Strategy for Innovative Development from 2013-2020. It was prepared by the Russian Venture Company with assistance from the Ministry of Economic Development and over 80 experts. The report assesses progress on the strategy's goals of transitioning Russia to an innovation-driven economy through developing human capital, encouraging innovative businesses, improving commercialization of research, creating an innovative state and building innovation infrastructure. It contains conclusions and recommendations based on input from startups, investors, technology firms and other market participants.
Trailblazing scientists who are the backbone of our industry. These are the people that discover the molecules and develop the medicines to tackle the toughest diseases we face in society.
Science, Technology and Innovation Outlook 2016 - EC/OECD Launch eventinnovationoecd
The document summarizes key points from the OECD Science, Technology and Innovation Outlook 2016. It discusses 8 megatrends that will impact science and innovation like aging societies and resource constraints. It also profiles 10 emerging technologies like artificial intelligence, biotechnologies, and the internet of things that will be important. The outlook notes challenges for governments in funding research due to competing priorities and calls for building international cooperation and more responsible innovation policies.
China diagnostic reagent industry production & marketing and investment forec...Qianzhan Intelligence
The document provides an overview of the diagnostic reagent industry in China. It discusses that the industry is still in the early stages of development and R&D investment. While China's market size is less than 10% of the global market, some domestic manufacturers have reached international standards in certain technologies. The diagnostic reagent industry attracts investors due to its high profitability, though development remains uneven across different product categories. It predicts continued strong growth in the Chinese market driven by healthcare reforms and expanding demand. The report also profiles several leading multinational and domestic companies in the industry.
China diagnostic reagent industry production & marketing and investment forec...Qianzhan Intelligence
The document provides an overview of the diagnostic reagent industry in China. It discusses that the industry is still in the early stages of development and R&D investment, with China's market size being less than 1/10 of the global market. Technological levels have reached international standards in some areas like PCR and gene chips, but other areas like microbiology are relatively underdeveloped. The diagnostic reagent industry attracts investment due to its high profitability, with new products generally recovering costs within 2-3 years. The report forecasts continued growth in the Chinese market driven by healthcare reform and increasing demand.
Igor Goryanin biomedical technologies at Skolkovoigorod
The document discusses potential priority areas for biomedical technologies at Skolkovo in Russia. Oncology, vaccines and anti-infectives, and cardiovascular products are identified as higher priority areas in bio-healthcare/biopharma. Bioinformatics areas like molecular medicine, DNA sequencing, and drug development are also prioritized. Lower priority bioindustrial areas include plant extracts, bioremediation, marine biotech, and biomass. The document analyzes each area's feasibility, attractiveness, market size, and strategic fit for Skolkovo.
The Journal of Scientific Papers “VUZF REVIEW” published from the year 2016, is issued 4 times a year and is a scientific publication on topical problems of science in various areas of economic theory and practice, management, marketing and applied research methods. The journal is international in the essence and scope. All articles pass through the procedure of reviewing by the editorial board. Editorial Board consist of well-known scientists whose activities contributes to the integration of the global scientific community. OUR AUTHORS ARE: Leading scientists; University professors; Graduate students; Students; Foreign researchers; Scientists; Applicants for degrees.
Imre Kacskovics - The way toward a vibrant RDI red biotechnology ecosystemCUBCCE Conference
The document outlines a proposed strategy to develop a vibrant red biotechnology ecosystem in Hungary by exploiting research potential and setting up a supportive environment. Key elements include:
1) Mapping the current academic and company portfolio to identify strengths and opportunities.
2) Establishing an umbrella organization to develop a focused research and service portfolio responsive to industry needs, and set up joint infrastructure like incubators.
3) Creating a highly supportive environment for innovative SMEs and large companies through business development support, one-stop shops for industry partnerships, and an entrepreneurial mindset.
The goal is to dynamize the pharmaceutical and biotech sector through excellence, partnerships between industry and universities, and sustainable growth over the long term
This document provides an overview of the scientific and research sector in Ukraine. It discusses the main challenges facing the sector, including an unstable political and economic situation, high inflation, low salaries, and many talented professionals leaving the country. It outlines the structure of the sector, including laws and regulations, funding levels, key institutions, and issues around independence and transparency. Demographic trends are also examined, showing many Ukrainians migrating or working abroad temporarily due to economic hardships. Some famous scientists and technologists with Ukrainian heritage are highlighted. The report aims to evaluate and analyze technology commercialization in Ukraine.
The document summarizes a report on the 15th World Medical Nanotechnology Congress to be held in Osaka, Japan from October 18-19, 2017. The conference will bring together over 500 participants from around the world to present on advances in medical nanotechnology, with keynote speakers and oral and poster presentations. Some of the topics that will be discussed include nanomedicine, drug delivery, cancer nanotechnology, graphene nanomedicine, and nanotoxicity. Osaka is a major economic hub and the third largest city in Japan, making it an important location for the international conference.
China chemical medicine preparation industry production & marketing demand an...Qianzhan Intelligence
This document provides an overview and analysis of the chemical medicine preparation industry in China. It begins with definitions of key terms and classifications of products in the industry. It then analyzes the development environment, size, profitability, import/export markets, and competitive landscape of the industry. It also examines the industry supply chain, development trends, and leading companies. The document aims to help readers understand the current state and future prospects of China's chemical medicine preparation industry.
China chemical medicine preparation industry production & marketing demand an...Qianzhan Intelligence
This document provides an overview and analysis of the chemical medicine preparation industry in China. It begins with definitions of key terms and classifications of products in the industry. It then analyzes the development environment, size, profitability, import/export markets, and competitive landscape of the industry. It also examines the industry supply chain, development trends, and leading companies. The document aims to help readers understand the current state and future prospects of China's chemical medicine preparation industry.
China chemical medicine preparation industry production & marketing demand an...Qianzhan Intelligence
This document provides an overview and analysis of the chemical medicine preparation industry in China. Some key points:
9
Chemical Medicine Preparation Industry
1. The chemical medicine preparation industry is an important part of China's pharmaceutical industry and national economy. It has experienced rapid growth in recent years.
2. The industry is in a competitive stage and faces opportunities as well as challenges. Domestic brands are gradually entering the high-end market while foreign brands still dominate.
3. The report analyzes the industry's development environment, economic indicators, supply and demand, market competition, major product markets, and forecasts future trends. It aims to help industry players make wise decisions.
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
A STUDY ON THE REASONS FOR TRANSGENDER TO BECOME ENTREPRENEURSIAEME Publication
The study explores the reasons for a transgender to become entrepreneurs. In this study transgender entrepreneur was taken as independent variable and reasons to become as dependent variable. Data were collected through a structured questionnaire containing a five point Likert Scale. The study examined the data of 30 transgender entrepreneurs in Salem Municipal Corporation of Tamil Nadu State, India. Simple Random sampling technique was used. Garrett Ranking Technique (Percentile Position, Mean Scores) was used as the analysis for the present study to identify the top 13 stimulus factors for establishment of trans entrepreneurial venture. Economic advancement of a nation is governed upon the upshot of a resolute entrepreneurial doings. The conception of entrepreneurship has stretched and materialized to the socially deflated uncharted sections of transgender community. Presently transgenders have smashed their stereotypes and are making recent headlines of achievements in various fields of our Indian society. The trans-community is gradually being observed in a new light and has been trying to achieve prospective growth in entrepreneurship. The findings of the research revealed that the optimistic changes are taking place to change affirmative societal outlook of the transgender for entrepreneurial ventureship. It also laid emphasis on other transgenders to renovate their traditional living. The paper also highlights that legislators, supervisory body should endorse an impartial canons and reforms in Tamil Nadu Transgender Welfare Board Association.
BROAD UNEXPOSED SKILLS OF TRANSGENDER ENTREPRENEURSIAEME Publication
Since ages gender difference is always a debatable theme whether caused by nature, evolution or environment. The birth of a transgender is dreadful not only for the child but also for their parents. The pain of living in the wrong physique and treated as second class victimized citizen is outrageous and fully harboured with vicious baseless negative scruples. For so long, social exclusion had perpetuated inequality and deprivation experiencing ingrained malign stigma and besieged victims of crime or violence across their life spans. They are pushed into the murky way of life with a source of eternal disgust, bereft sexual potency and perennial fear. Although they are highly visible but very little is known about them. The common public needs to comprehend the ravaged arrogance on these insensitive souls and assist in integrating them into the mainstream by offering equal opportunity, treat with humanity and respect their dignity. Entrepreneurship in the current age is endorsing the gender fairness movement. Unstable careers and economic inadequacy had inclined one of the gender variant people called Transgender to become entrepreneurs. These tiny budding entrepreneurs resulted in economic transition by means of employment, free from the clutches of stereotype jobs, raised standard of living and handful of financial empowerment. Besides all these inhibitions, they were able to witness a platform for skill set development that ignited them to enter into entrepreneurial domain. This paper epitomizes skill sets involved in trans-entrepreneurs of Thoothukudi Municipal Corporation of Tamil Nadu State and is a groundbreaking determination to sightsee various skills incorporated and the impact on entrepreneurship.
DETERMINANTS AFFECTING THE USER'S INTENTION TO USE MOBILE BANKING APPLICATIONSIAEME Publication
The banking and financial services industries are experiencing increased technology penetration. Among them, the banking industry has made technological advancements to better serve the general populace. The economy focused on transforming the banking sector's system into a cashless, paperless, and faceless one. The researcher wants to evaluate the user's intention for utilising a mobile banking application. The study also examines the variables affecting the user's behaviour intention when selecting specific applications for financial transactions. The researcher employed a well-structured questionnaire and a descriptive study methodology to gather the respondents' primary data utilising the snowball sampling technique. The study includes variables like performance expectations, effort expectations, social impact, enabling circumstances, and perceived risk. Each of the aforementioned variables has a major impact on how users utilise mobile banking applications. The outcome will assist the service provider in comprehending the user's history with mobile banking applications.
ANALYSE THE USER PREDILECTION ON GPAY AND PHONEPE FOR DIGITAL TRANSACTIONSIAEME Publication
Technology upgradation in banking sector took the economy to view that payment mode towards online transactions using mobile applications. This system enabled connectivity between banks, Merchant and user in a convenient mode. there are various applications used for online transactions such as Google pay, Paytm, freecharge, mobikiwi, oxygen, phonepe and so on and it also includes mobile banking applications. The study aimed at evaluating the predilection of the user in adopting digital transaction. The study is descriptive in nature. The researcher used random sample techniques to collect the data. The findings reveal that mobile applications differ with the quality of service rendered by Gpay and Phonepe. The researcher suggest the Phonepe application should focus on implementing the application should be user friendly interface and Gpay on motivating the users to feel the importance of request for money and modes of payments in the application.
VOICE BASED ATM FOR VISUALLY IMPAIRED USING ARDUINOIAEME Publication
The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
Mechatronics is a multidisciplinary field that refers to the skill sets needed in the contemporary, advanced automated manufacturing industry. At the intersection of mechanics, electronics, and computing, mechatronics specialists create simpler, smarter systems. Mechatronics is an essential foundation for the expected growth in automation and manufacturing.
Mechatronics deals with robotics, control systems, and electro-mechanical systems.
DEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODELijaia
As digital technology becomes more deeply embedded in power systems, protecting the communication
networks of Smart Grids (SG) has emerged as a critical concern. Distributed Network Protocol 3 (DNP3)
represents a multi-tiered application layer protocol extensively utilized in Supervisory Control and Data
Acquisition (SCADA)-based smart grids to facilitate real-time data gathering and control functionalities.
Robust Intrusion Detection Systems (IDS) are necessary for early threat detection and mitigation because
of the interconnection of these networks, which makes them vulnerable to a variety of cyberattacks. To
solve this issue, this paper develops a hybrid Deep Learning (DL) model specifically designed for intrusion
detection in smart grids. The proposed approach is a combination of the Convolutional Neural Network
(CNN) and the Long-Short-Term Memory algorithms (LSTM). We employed a recent intrusion detection
dataset (DNP3), which focuses on unauthorized commands and Denial of Service (DoS) cyberattacks, to
train and test our model. The results of our experiments show that our CNN-LSTM method is much better
at finding smart grid intrusions than other deep learning algorithms used for classification. In addition,
our proposed approach improves accuracy, precision, recall, and F1 score, achieving a high detection
accuracy rate of 99.50%.
Open Channel Flow: fluid flow with a free surfaceIndrajeet sahu
Open Channel Flow: This topic focuses on fluid flow with a free surface, such as in rivers, canals, and drainage ditches. Key concepts include the classification of flow types (steady vs. unsteady, uniform vs. non-uniform), hydraulic radius, flow resistance, Manning's equation, critical flow conditions, and energy and momentum principles. It also covers flow measurement techniques, gradually varied flow analysis, and the design of open channels. Understanding these principles is vital for effective water resource management and engineering applications.
Applications of artificial Intelligence in Mechanical Engineering.pdfAtif Razi
Historically, mechanical engineering has relied heavily on human expertise and empirical methods to solve complex problems. With the introduction of computer-aided design (CAD) and finite element analysis (FEA), the field took its first steps towards digitization. These tools allowed engineers to simulate and analyze mechanical systems with greater accuracy and efficiency. However, the sheer volume of data generated by modern engineering systems and the increasing complexity of these systems have necessitated more advanced analytical tools, paving the way for AI.
AI offers the capability to process vast amounts of data, identify patterns, and make predictions with a level of speed and accuracy unattainable by traditional methods. This has profound implications for mechanical engineering, enabling more efficient design processes, predictive maintenance strategies, and optimized manufacturing operations. AI-driven tools can learn from historical data, adapt to new information, and continuously improve their performance, making them invaluable in tackling the multifaceted challenges of modern mechanical engineering.
Software Engineering and Project Management - Software Testing + Agile Method...Prakhyath Rai
Software Testing: A Strategic Approach to Software Testing, Strategic Issues, Test Strategies for Conventional Software, Test Strategies for Object -Oriented Software, Validation Testing, System Testing, The Art of Debugging.
Agile Methodology: Before Agile – Waterfall, Agile Development.
Discover the latest insights on Data Driven Maintenance with our comprehensive webinar presentation. Learn about traditional maintenance challenges, the right approach to utilizing data, and the benefits of adopting a Data Driven Maintenance strategy. Explore real-world examples, industry best practices, and innovative solutions like FMECA and the D3M model. This presentation, led by expert Jules Oudmans, is essential for asset owners looking to optimize their maintenance processes and leverage digital technologies for improved efficiency and performance. Download now to stay ahead in the evolving maintenance landscape.
2. Dr. Natalia L. Borscheva, Dr. Julia V. Fedorova, Dr. Marina I. Glukhova
http://www.iaeme.com/IJCIET/index.asp 613 editor@iaeme.com
1. INTRODUCTION
In the Russian economy today there is a contradictory situation, on the one hand, the country
has a significant scientific and innovative potential, on the other low innovation activity.
Today, only 9% of innovative products are manufactured at Russian plants (Gorodnikova,
Hochberg, 2017). In high-tech industries, initially focused on high innovation activity, the
share of products new to the market of the Russian enterprises is 0.3 % (Gorodnikova,
Hochberg, 2017). For comparison, the share of such products in Finland is 16% in Germany
and the Czech Republic -12-13%, Greece – 23%, in the United States – more than 30%
(Gorodnikova, Hochberg, 2017).
In Russia (fig.1), despite the rather high educational level of the population, there is a low
innovative activity in comparison with the leading countries (Gorodnikova, Hochberg, 2017).
Figure 1 Human capital in the implementation of innovative development, 2017
Today, Russia's share in the market of high-tech products is negligible and is 0.3 %. But
there is a positive dynamic in the development of innovation. From 2004 to 2018 the number
of granted patents increased by 51%, including the number of applications for inventions for
the same period increased by 9 % (Healthcare in Russia, 2018). The cost of R & d expense
increased 6 times and amounted to 523 billion rubles. In the rating presented by INSEAD
according to the analytical report "Global innovation index 2018" (Global Innovation Index
2018), Russia took 46th position out of 126 countries with an index value of 37.9. Switzerland
(with an index value of 68.4), the Netherlands (63.3), Sweden (63.0) (Global Innovation
Index 2018).
The index is calculated on the basis of more than 80 indicators combined into two groups:
available resources and conditions for innovation and the results achieved from the
introduction of innovation. The report notes that the strong position for the innovative
development of Russia is associated with the high quality of human capital, the development
of knowledge and technology, business development. Contributes to the development of
innovation, poor infrastructure, and prevent the development of inadequate institutions, low
results of creative activity (72) and the development of the internal market (111) (Global
Innovation Index 2018).
3. Human Capital: The Evaluation Methodology and Definition of Scenarios of Innovative
Development of the Organization
http://www.iaeme.com/IJCIET/index.asp 614 editor@iaeme.com
In 2014, experts paid special attention to the impact of human capital on innovative
development. The report on the results of the study indicated that the high performance of
countries was achieved through intangible assets such as high-quality human capital necessary
for the practical implementation of innovations.
The state's attention to this problem was expressed in the development of the concept of
socio-economic development of the Russian Federation until 2020, focused on the transition
to the "model of innovative socially oriented development". To this end, the decree of the
President of the Russian Federation approved the priority directions of development of
science, technology and technology for the modernization of the main competitive industries.
The priority directions of modernization of the Russian economy include:
Energy efficiency and conservation, including the development of new fuels.
Nuclear technology.
Space technologies related to telecommunications, including GLONASS and the terrestrial
infrastructure development programme.
Medical technologies, primarily diagnostic equipment, as well as medicines.
Strategic information technologies, including supercomputers and software development.
Thus, pharmaceutical production is a priority for innovative economic development of
Russia. International statistics confirm that the pharmaceutical industry has the highest share
of value added per employee and the ratio of research and development costs to sales. This
sector occupies a leading position in the economy of the USA, Europe and Japan.
Today, 460 domestic pharmaceutical organizations and more than 1100 foreign
enterprises operate in the Russian pharmaceutical market (AlphaRM, 2018). In 2018, the
volume of the Russian pharmaceutical market reached 1.254 trillion. rubles, which made it
one of the largest and most promising in the world.
Today the state of the Russian pharmaceutical market is characterized by such main
features as: a high share of imports of finished pharmaceutical products and the supply of
obsolete, lost the clinical efficacy of the substances and finished medicines. This is confirmed
by statistical data: the volume of imports from 2000 to 2017 increased from $ 6 billion. up to
$ 216 billion ((AlphaRM, 2018). Only 25% of substances required for pharmaceutical
production are produced by Russian pharmaceutical organizations. The resulting deficit is
closed by imports of Chinese and Indian medicinal substances. The dependence of the
Russian pharmaceutical industry on imports poses a threat to the national biological security
of the country.
According to the analytical Agency "DSM Group" the share of medicines of the Russian
production in 2018 25% in terms of value, respectively the 75% of the medicines of foreign
production. At the same time, the ratio of imported and domestic medicines in natural
indicators remains in favor of domestic ones, the share of which is 56% (DSM Group, 2018).
This discrepancy in the ratio of cost and natural volumes between imported and domestic
drugs can be explained, first of all, by the low cost of domestic products. Thus, the average
cost of packaging domestic drugs in 2018 amounted to 92 rubles., imported about 320 rubles
(DSM group, 2018).
The low cost of domestic medicines can be explained by their low level of innovation. In
the Russian pharmaceutical market today is dominated by generic drugs, the so-called
generics. Original drugs, in accordance with the Federal law "on circulation of medicines",
are such drugs, which include a pharmaceutical substance obtained for the first time, the
safety of which is proved by the results of preclinical and clinical studies.
4. Dr. Natalia L. Borscheva, Dr. Julia V. Fedorova, Dr. Marina I. Glukhova
http://www.iaeme.com/IJCIET/index.asp 615 editor@iaeme.com
In public procurement of original imported drugs and generic drugs, financing of foreign
pharmaceutical production, stimulation of development and introduction of innovations in
other countries actually takes place. All that weakens the competitive advantages of individual
Russian pharmaceutical manufacturing companies and the entire pharmaceutical industry.
Today, Russian pharmaceutical organizations are focused on the production of generic
drugs with low profitability, which limits their ability to invest in the development of
innovative drugs. The low number of innovations is a barrier to entry into the world market.
Low R & d costs do not allow to develop and implement innovative technologies, innovative
drugs. But it is modern science that enables the scientific search for new drugs.
The population of developed countries today lives an average of 30 years longer than a
hundred years ago. The reduction of mortality and improvement of quality of life are largely
merits of pharmaceutical production. The emergence of new drugs in the pharmaceutical
market is the result of a long, high – cost, risky innovation process carried out by
pharmaceutical organizations.
Success in the implementation of an innovative project is largely due to the presence of
functioning human capital of employees involved in the implementation of such a project.
And the innovative development of the organization as a whole depends on the effectiveness
of human capital management of the organization, which is largely determined by the
presence of an adequate system for assessing human capital
2. MATERIALS & METHODS
The objectives of the assessment of human capital can be a retrospective assessment, forecast,
operational (current), assessment of compliance with the strategies of innovative development
of the organization, assessment of the structure and quality of human capital in the dynamics,
evaluation of the effectiveness of the use and transformation of human capital in the
innovation process.
Evaluation of the human capital of employees of an innovative organization is carried out
using management functions. Such as: planning directions and evaluation procedures;
organization of project and expert staff; monitoring of evaluation.
The methodology for assessing the human capital of employees of an innovative
organization may consist of a large number of methods, depending on the objectives of the
assessment. The main methods of human capital assessment include the following: methods
of graphs, methods of expert evaluation, test methods, methods of statistical evaluation, the
method of assessment center, the method of 360 degrees, certification, evaluation by the
method of analysis of individual activities of the employee and its results, etc. But in General,
the methods of evaluation should provide the calculation of quantitative, qualitative and cost
indicators of the effectiveness of human capital in innovation.
As a tool to identify problems in the management of human capital in an innovative
organization, we present the author's methodology for assessing the professional, intellectual
and creative components of human capital.
The effectiveness of its implementation depends on the availability of science-based
methodology of human capital management in the organization, the main provisions of which
should be included in the concept of personnel policy of the organization.
Today, an innovative pharmaceutical organization cannot be expected to succeed if the
use of advanced technologies and the latest equipment is not supported by due attention to the
management of human capital of employees. Optimization of involvement of human capital
of employees in the innovation process, in our opinion, significantly affects the achievement
5. Human Capital: The Evaluation Methodology and Definition of Scenarios of Innovative
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of the goals of innovative development of the organization. Therefore, the social dimension of
governance is now given high priority.
The main efforts of the management should be directed to the employee, to his intellectual
and creative (creative development), and also it is necessary to pay attention to the formation
of the innovation project team, capable of working together, ensuring the achievement of
goals.
Human capital management system is a key strategic factor in the development of
innovative pharmaceutical organization. When making management decisions, the Manager
must have full information about the level of human capital of each employee, professional,
intellectual and creative components of human capital, tendencies to rational or creative
thinking.
The objectives of personnel policy and work with personnel should include modern
mechanisms, models, scenarios, tools, methods, approaches to human capital management of
each employee for the formation, development, use and transformation of his professional,
intellectual and creative (creative) abilities in the results of innovation, as well as to stimulate
the most effective professional return in the implementation of the innovation process.
When assessing human capital, it is important to assess the contribution of each employee
to the achievement of economic and social results of the organization. Professional activity of
any employee can be both productive and insufficient or completely unproductive, both
simple and complex, technically equipped and without the involvement of technology,
etc.This has a variety of explanations. But in General, the effectiveness of activities directly
depends on the performer, or rather — on his human capital and especially intellectual and
creative components, the degree of manifestation of creative return (innovation activity), the
transformation of human capital in the innovation process.
3. AUTHOR'S METHODOLOGY OF HUMAN CAPITAL
ASSESSMENT: PROFESSIONAL, INTELLECTUAL AND CREATIVE
LEVEL
The author's methodology for assessing the human capital of employees of an innovative
organization includes:
1.Assessment of the professional level of human capital.
2.Assessment of the intellectual level of human capital.
3. Assessment of the creative level of human capital.
In general, the evaluation system will allow monitoring the effectiveness of human capital
management, and the accumulation of statistical data – to form an internal management
accounting system for the operational management of human capital of an innovative
organization.
Considering the human capital of an employee as an object, it is necessary to assess his
contribution to the economic and social development of an innovative organization. The
person is the main initiator and performer who provides advance of the organization to an
objective in a certain field of professional activity. Man embodies the unity of intellectual
accumulation and processing of information coming from the external environment and the
return of creative (creative energy), aimed at meeting their needs or interests of the
organization in which they work. Therefore, when assessing the contribution of each
employee to the implementation of the organization's strategies, we will proceed from the
assessment of professional, intellectual and creative level (the level of innovative activity).
6. Dr. Natalia L. Borscheva, Dr. Julia V. Fedorova, Dr. Marina I. Glukhova
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In developing the evaluation methodology, the following requirements were taken into
account:
objectivity – independent of the private opinions or individual judgments;
reliability of evaluation-freedom from all kinds of random factors;
reliability of assessment-only the real, actual level of human capital of the employee, the
available knowledge, skills, level and type of intelligence and the level of creative impact
(innovation activity);
prognostic-the assessment is aimed at identifying the presence and possibility of use, hidden
intellectual and creative reserves of the employee;
accessibility and consistency – the evaluation process is clear to all participants;
compliance with the objectives of the organization - the assessment of human capital meets
the objectives of a particular organization.
To meet these requirements, the human capital assessment technology contains the
following principles:
several subjects of evaluation - in conducting the evaluation involved several experts;
establishment of a set of evaluation methods-evaluation includes different methods,
complementary and duplicative, to increase credibility;
system assessment-employee's human capital is assessed from several positions: professional,
intellectual and creative (creative).);
development of evaluation criteria-identification of key indicators that reflect professional,
intellectual and creative requirements to the employee involved in the implementation of the
innovative project;
development of a measurement system of evaluation criteria-ensuring quantitative and
qualitative expression of the characteristics identified in the evaluated employee;
formalization of evaluation activities – development and formation of reporting forms to
ensure follow-up, research and evaluation.
The author's methodology for assessing the human capital of an employee includes three
levels: professional, intellectual, creative:
at the professional level-expert assessment of the importance of professional level indicators,
taking into account the consistency of experts ' opinions;
at the intellectual level-expert assessment of the importance of the components of the
intellectual level (intelligence), taking into account the degree of consistency of experts '
opinions;
at the creative level-expert assessment of the significance of creative level indicators, taking
into account the consistency of experts ' opinions;
3.1. Assessment of the professional level of human capital
Assessment of the professional level of human capital of an innovative pharmaceutical
organization. The evaluation algorithm consists of the following sequence:
Determination of the purpose of evaluation: monitoring and diagnostics of the quality of the
professional component of human capital
Building a system of indicators that assess the professional level of human capital of the
employee and the comparison of these indicators with the standard, the norm, which serves as
a unit of measurement.
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Assessment using tests on General ability to perform professional duties and compliance with
the recommended standards of certification indicators of the individual, developed by experts
taking into account job responsibilities.
To ensure the comparability of the obtained indicators, the methods of multidimensional
scaling were used, allowing to move from quantitative to qualitative indicators of professional
level, to assess not only the degree of quality of the professional level of human capital, but
also to rank the employees of the organization on this indicator.
Prior to the ranking, the degree of consistency of experts ' opinions on the determination of the
ranks of professional level indicators using the multiple concordance coefficient was
determined.
The integral quality of the employee's professional level is proposed to be calculated by
the formula (1):
P =∑ (1)
where is the qualitative value of the i-th indicator of the employee's professional level;
∑ - weighting factor that determines the value of
3.2. Assessment of the intellectual level of human capital
2. Assessment of the intellectual level of the employee's human capital. The effectiveness of
all intellectual and innovative activity of the organization depends on the quality of the
intellectual level of human capital of employees. The intellectual level of the employee is
evaluated by individual components of intelligence. The evaluation algorithm consists of the
following sequence:
Determination of the evaluation goal: monitoring and diagnostics of the intellectual level for
managing employee development in innovation, identifying unused reserves, for the formation
of project teams involved in the implementation of innovative projects.
Assessment of the intellectual level by types of intelligence. Assessment of certain properties
of a particular type of intelligence is carried out using ready-made psychological tests (tests to
determine the intellectual level). To determine the intellectual level of an employee, it is
proposed to use a formula that allows you to evaluate the intellectual level of an employee, as
well as to detail it by a number of properties. Since the work was allocated six types of
intelligence, the formula for calculating the intellectual level will be as follows:
I =∑ (2)
where - assessment of the components of the employee's intelligence in
points (intelligence perception, logical, economic, emotional, creative, socio-cultural)
∑ is the weighting factor that determines the importance of a certain type of
employee intelligence when creating project teams.
The expert group (head of Department, HR Manager, psychologist, leading specialist in the
direction) in the formation of the project team determines the weight value for the types of
intelligence of each employee, based on the objectives of the innovative project and achieve a
synergetic effect of the interaction of employees. Experts rank components of Ai according to
the principle: the higher the importance of the type of intelligence, the higher the rank.
The multiple concordance coefficient is used to determine the degree of consistency of the
opinions of many experts who have determined the ranks of the types of intelligence.
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3.3. Assessment of the creative level of human capital
Assessment of the creative level of the employee's human capital. The external manifestation
of intellectual abilities during the practical use of intellectual human capital is creative return.
Creativity can then be seen as the ability to innovate.
The evaluation algorithm consists of the following sequence:
Determination of the evaluation goal: monitoring and diagnostics of the creative level of
employees to optimize the management of creativity, and subsequently-the development of
measures aimed at increasing the innovative impact.
Survey and testing of employees to identify creative abilities.
Collection and processing of statistical information on evaluation indicators.
The expert group determines the weight value for the indicators of creative level evaluation.
Experts rank indicators according to the principle: the higher the significance of the indicator,
the higher the rank.
The multiple concordance coefficient is used to determine the degree of consistency of the
opinions of many experts who have determined the ranks of the creative level indicators.
3.4. Assessment of human capital of employees of innovative organizations
The resulting individual values are used to calculate the human capital of the organization
(group, division). The indicator of human capital of the organization is calculated as the
arithmetic mean of individual professional, intellectual and creative levels of human capital of
employees.
∑ ∑ ∑
(3)
where ∑ -the total professional level of employees;
∑ - the total intellectual level of workers;
∑ - total creative level of workers;
n – number of employees of the organization (divisions)
4. SCENARIOS OF THE EFFECTS OF HUMAN CAPITAL ON THE
PERFORMANCE OF INNOVATIVE ACTIVITIES
Management as a conscious activity involves the need to determine the possible prospects for
the development of human capital. Therefore, the study proposes a theoretical matrix of basic
scenarios, which is original. The matrix and scenarios of human capital impact on innovation
performance are presented in figure 2.
Figure 2 Scenarios of the effects of human capital on the performance of innovative activities
9. Human Capital: The Evaluation Methodology and Definition of Scenarios of Innovative
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The matrix of basic scenarios defines the relationship between the level of human capital
development and the effectiveness of innovation activities of the organization in four
scenarios: favorable, satisfactory, unsatisfactory and scenario excluding development.
During the study, a methodology for empirical research on human capital management
was developed.
The author's matrix of basic scenarios of innovative development of the organization was
used to assess the impact of human capital of the organization (division, team, project group)
on the effectiveness of innovative activity of the organization.
The human capital of innovative organizations was chosen as the subject of empirical
research.
The choice is determined by the following circumstances:
First, in the current economic literature, a significant amount of research is devoted to
innovative organizations in which innovation is not the main activity. But the Russian practice
has already developed an innovative sector in which organizations are actively using high-
tech innovations, strive to create new ones. Research of these organizations has not yet been
reflected in the scientific literature.
Secondly, the analysis of human capital of innovative organizations is of research interest.
During the empirical study, many research questions were raised.
Hypothesis of the study: Russian innovative organizations are characterized by a high
level of human capital, providing high efficiency of innovative activity and a favorable
development scenario.
To prove the hypothesis, 47 innovative pharmaceutical organizations were examined,
which were included in the rating of technical success, which employs more than 23 percent
of industry workers, and their share in the market of domestic products is more than 37
percent (Gorodnikova, Hochberg, 2016; Gorodnikova, Hochberg, 2017; Healthcare in Russia,
2017).
Data collection for the evaluation of human capital of employees was carried out by the
method of testing of employees, as well as the audit and remote questioning of managers,
using the internal reporting of the organization. Statistical methods were used for data
processing.
Evaluation of human capital of employees is carried out according to the developed
author's methodology, which is used to evaluate the professional, intellectual and creative
components of the human capital of the employee and the organization.
To confirm the hypothesis, the effectiveness of innovation was also evaluated. The
innovative activity of the organization was determined by the indicators that experts in the
rating ―Technical success-2017‖. Reporting data for 2012-2017 were collected directly on the
surveyed organizations.
Their processing is carried out by the method of multidimensional scaling.
To determine the scenario of human capital development, we used a theoretical matrix
that characterizes the interdependence of the level of human capital assessment and the
effectiveness of innovation.
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5. RESULTS
The results of the analysis are shown in fig. 3.
Figure 3 Scenarios of human capital development of innovative organizations
The results show that the higher the level of human capital, the more innovative the
organization becomes. Surveyed innovative organizations provided a favorable development
scenario.
Thus, the hypothesis was confirmed.
6. CONCLUSIONS
Thus, it is possible to identify the key points in the management of human capital to increase
the innovation activity of the Russian economy:
1. The need to intensify innovation activities in Russia, which is clearly inferior to many
developing countries, requires the introduction of human capital management systems not
only in innovative organizations, but also in those organizations in which innovation is not the
main activity.
2. The formation of the human capital management system should be carried out in
accordance with the following principles:
Backbone-synergy, teamwork, innovative management, feedback, reproductive balance,
integration with the system of strategic management, efficiency, parallelism, prospects and
hierarchy, activity of management, flexibility and adaptability of management, information
openness and accessibility;
Content and multidimensionality in the management of perceptivity, motivation to innovative
activity, management of multiplicity of subcultures, adhocracy and humanization activities.
3. The main condition for the development of human capital is the integration of explicit and
implicit knowledge – the basis to produce new knowledge to transform it into innovation.
REFERENCES
[1] Gorodnikova, N., Hochberg, L. Indicators of innovation (2017) statistical yearbook
Higher School of Economics, 118-129.
[2] Healthcare in Russia (2017). Federal State Statistics Service, 81-114.
11. Human Capital: The Evaluation Methodology and Definition of Scenarios of Innovative
Development of the Organization
http://www.iaeme.com/IJCIET/index.asp 622 editor@iaeme.com
[3] Global Innovation Index 2018. https://www.wipo.int/publications
[4] AlphaRM, 2018. Retrieved from: https://alpharm.ru/
[5] DSM Group, 2018. Retrieved from: https://pharmvestnik.ru