Inshakova E.I. Strategic Alliances: the Potential for Russian Nanoindustry
DOI: http://dx.doi.org/10.15688/jvolsu3.2015.1.3
Inshakova Elena Ivanovna
Doctor of Economic Sciences, Professor,
Head of Department of International and Regional Economy,
Volgograd State University
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Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation
Abstract. Strategic alliances as a form of interfirm cooperation (including international cooperation) increase the potential of solving large-scale problems of national nanoindustry development, providing synergy of participants resources united by the principle of complementarity and substitution in the process of joint implementation of complex R&D programs, mobilization and input of significant financial, material, technical and intellectual resources of the participants in nanotechnology projects.
Strategic alliances in nanoindustry with national and international companies participation are defined as institutional and organizational form of interfirm cooperation. At this, the upper limit of its functioning is represented by hierarchical relations in transactions within the integrated structures, and the low limit by heterarchical relations in transactions among the detached firms.
The paper identifies the main factors of successful functioning of strategic alliances in nanoindustry. At the same time, the participants pursuit of their own economic interests (including non-matching interests) will inevitably become a source of origin and accumulation of contradictions in the alliance, which can cause its disintegration or acquisition of a weaker, passive participant by a stronger one. This determines the need for a thorough study of decisions on entering into a strategic alliance, on tactical and operational participation in its management in accordance with the contribution of partners to its creation, defining their authority and share in the results of operations. The article also studies the experience of strategic alliances formation in American and European nanoindustry, and exemplifies the potential of such interfirm cooperation in the realia of Russian economy.
Key words: international cooperation, interfirm cooperation, strategic alliance, nanoindustrialization, nanotechnology, nanoindustry, economic effects.
Strategic Alliances: the Potential for Russian Nanoindustry by Inshakova E.I. is licensed under a Creative Commons Attribution 4.0 International License.
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