Managing the Process of Commercialization as a Basis of Diffusion of Innovations and Development of Innovational Economy

Abstract

The purpose of the article is to substantiate the necessity and to develop the concept of managing the process of commercialization for successful diffusion of innovations and creation of innovational economy by the example of modern Russia. For determining the necessity for managing the process of commercialization for successful diffusion and creation of innovational economy, the authors compare the growth rate and determine the connection between quantitative indicators of efficiency of consecutive steps of the process of innovations’ commercialization in modern Russia on the basis of the official statistical information of the Federal State Statistics Service, supplemented by the authors’ forecast (due to limitation of the data) and successfulness of diffusion of innovations and creation of innovational economy, which indicator is the global innovational index, calculated yearly by the World Bank. For this, the methods of horizontal, trend, and correlation analysis are used, as well as the methods of structural & functional and logical analysis. The authors distinguish four consecutive steps of the process of commercialization of innovations and determine the corresponding statistical indicators for analysis. The results of the research showed that successfulness of commercialization of innovations determines the possibilities of the economic system in conduct of diffusion of innovations and creation of innovational economy. Market self-management leads to multiple “market gaps” and leads to necessity for state management of the process of commercialization of innovations. For this, the authors’ concept of managing the process of commercialization for successful diffusion of innovations and creation of innovational economy by the example of modern Russia is offered.