Formation of organizational and economic mechanisms for innovative development of service sector industries: russian and foreign experience

¹ University of Economics-Varna, Knyaz Boris I Blvd., 77, Varna, Bulgaria
² Ural State University of Economics, 620144, 8 Marta Str., 62, Ekaterinburg, Russia

Abstract

The article determines the concepts of “service” and “innovation”. The article touches upon organizational and economic mechanisms for the innovative development of service sector industries offered by Russian and foreign scientists, in particular in the following spheres: transport, telecommunications, wholesale and retail trade, credit and finance, insurance, consumer services, cultural and recreational services, social services - education, healthcare, and other social services. Methodological recommendations proposed by Russian scientists for the study and implementation of innovations at enterprises in the service sector are combined and consolidated. A methodological approach to the innovative development of the service sector is proposed. In contrast to existing methodologies, the author’s approach takes into account the following stages: coordination of the strategy with the population of the territory and budgeting, analysis of the “failures” in the innovative development of service industries and budget creation based on the “failure-project-target approach”. Moreover, when applying the above mentioned author’s approach, “state failures” are also taken into account, project activities are developed with the greatest efficiency and there is a close connection between activities and targets. Also, the author proposes in the article innovative measures taken into account when developing a strategy for innovative development of services industries.