Predicting Levels of Innovation-Led Development as Exemplified by State-Owned Oil Company
Predicting Levels of Innovation-Led Development as Exemplified by State-Owned Oil Company

Summary/Abstract: The paper considers scenarios of innovation-led development at oil and gas companies. Potential lines of development are discussed. Factors supporting innovative activities are explored based on the official data. Analysis is performed of the level of innovation-led development at a state-owned oil company. Evaluations are laid out for potential development capacities and price factors influencing the potential standing of competitors and leaders to 2025. Results are arrived at suggesting a weakening of the innovation development potential of the state-owned oil company. A model is proposed to evaluate and predict the position and growth outlook of the state-owned oil company, a key player in the CIS and European markets. The model developed by the authors as part of the study to evaluate the financial potential for innovation-led development in companies offers a reliable and comprehensive tool to evaluate performance in managing innovation capabilities and enables companies’ adaptation to the dynamically changing external environment.

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