DESIGNING ENTREPRENEURIAL NETWORKS: DEVELOPMENT OF CORPORATIONS NETWORK POTENTIAL EVALUATION METHOD FOR CORPORATIONS OPERATING IN THE RUSSIAN ARCTIC

Abstract

In a number of previous publications devoted to the design of entrepreneurial networks, methods for assessing the network entrepreneurial potential of territories, considered as a set of entrepreneurial potentials of the stakeholders of the territory, are presented. In particular, an assessment is made of the entrepreneurial potential of the infrastructure business, civil organizations, public authorities and the population of the territories of the Arctic zone of the Russian Federation. Corporations operating in the territory have a great influence on the quality of innovation processes, so the task of assessing the entrepreneurial potential of corporations in the territories is very important. The main idea is the formation of a methodology for assessing the network potential of the stakeholders of the territory based on the criteria for the distinctive features of entrepreneurship: innovation, creativity, information content and riskiness. The purpose of the study is to develop a methodology for assessing the network entrepreneurial potential of corporations in the territory and determining the potential of the territories of the Arctic zone of the Russian Federation. The paper proposes a new approach to assessing the network entrepreneurial potential of corporations in terms of their viability as sources of venture capital and forms of participation in innovation processes based on operational information presented in the accounting (financial) statements of corporations and posted on special Internet resources. As a result of the study an assessment methodology was developed, with the help of which the network entrepreneurial potential of corporations in the territories of the Arctic zone of the Russian Federation was determined; the venture behavior policy of large resource holdings of the Arctic zone of the Russian Federation such as PJSC MMC Norilsk Nickel, PJSC Gazprom, PJSC Novatek and subsidiaries affiliated companies, was assessed. It was concluded that the corporations of the Russian Arctic territories demonstrate a high potential as a source of venture capital, therefore, there is a high probability of their interest in entrepreneurial innovation projects, the form of participation in which is determined by the type of venture policy. The results of the study are a part of the further development of methodology for the formation of an effective network actor’s composition in the Russian Arctic.

Keywords

• entrepreneurial network
• innovations
• corporations
• venture policy
• potential
• territory
• assessment
• arctic zone of the russian federation