As is known, it is a generalized parameter of profitability overall efficiency of economic activity.Especially important is the figure when it comes to investment in innovation development.In this case, the return on investment shows the amount of the profit per unit of investment.
Important conditions for successful innovation development are other areas of its implementation.For example, clear the need for effective management of the development and implementation of innovative projects to provide a return on investment.As the management of research and development, depending on the stages of their implementation has its own peculiarities and is performed mostly under uncertainty, the control system can be constantly changing as the project progresses.
most acceptable method in the current conditions of the development appears to target-oriented, based on the program as a form of focusing resources on solving the problems of the planning period and the system instructional techniques that provides a constant orientation of management, planning and management decisions and their implementation process forachieve outcomes.
participatory planning process as one of the principles of program-oriented approach ensures a balance plans, based on the tasks and resources based on their performance - cost - return on investment for the entire project life cycle.
Extremely important is the individual and collective interest in achieving the objectives of the project that decisively influences the return on investment.Analysis of international experience (USA, Canada, European countries) confirms that led successful projects are always capable and dedicated leaders who unite the efforts of all the performers, providing a high degree of motivation for their work.At the same time as the leader should be a person not only has scientific and technical knowledge, but also is a professional manager who knows how to do business, ready to take risks in order to achieve success, as well as take responsibility for decisions.For successful implementation of the program of innovative development of the economy today requires professional managers to manage innovation.
World practice proposed and tested measures of direct and indirect regulation of the processes of creation and commercialization of objects on the basis of which appear on the market new products and technologies.The current system of incentives in the creation, protection and commercialization allows authors to receive remuneration in the amount of 10% of net profit.
However, if just for the inventor is a good incentive for the team responsible for the development of technical documentation, prototyping, and bring it to the stage of industrial development, the incentive system is virtually absent or very small (3% of the profit for the promotion of the use of inventions).This situation will certainly affect the return on investment for financing innovation.
In such circumstances, significantly increases the role of cost-benefit analysis of investment resources, a key indicator which may be roi.ROI when it is used to analyze and evaluate the overall profitability is characterized by investments.This ratio is calculated as a financial indicator is the ratio of the amount of profit and the mathematical difference between the spending of investment funds to the absolute value of the amount invested.
We must assume that the current system of incentives and not least the support of senior managers largely affect the susceptibility of any innovative organization to innovate.
