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Illustration for news: What Drives Innovation in Russian Companies

What Drives Innovation in Russian Companies

As part of the Management session of the XX April International Conference, Carl F. Fey from Aalto University School of Business, Finland, presented his paper on Facilitating Innovation in Companies in Russia: The Role of Organizational Culture. In his talk, Professor Fey spoke about the results of three studies he has been conducting with his team.

1.5

is how many times more likely major Russian companies are to change managing directors  during a crisis in comparison to calmer times. 

44%

of heads of Russian companies believe they do not have enough professional knowledge and skills for career development and professional growth. They would like to receive additional specialized training or education.

57%

of Russian companies offered training for their employees in 2014. In 2013, the number of such companies was significantly higher at 72%.

65%

of Russian companies are freezing their employees’ salaries during the economic crisis.

37.5%

of Russian research organizations that transferred the results of their work to companies for implementation helped to create entirely new products, manufacturing processes and services for the global market.

30%

of all Russian companies use fixed-term employment contracts.

36.9%

is the share of total investment in technological innovation that Russian companies devote to research and development. The amount is nearly 411 billion roubles.

15%

of Russian companies  discuss personnel issues at every management meeting.