ABSTRACT. The paper explores innovation strategies and processes in emerging Russian multinational companies. Innovation is a major driver of corporate growth and determinant of competitiveness of western multinationals. Emerging Russian multinational companies have started to realise the value creating aspects of R&D and innovation. They devise various innovation strategies ranging from collaborative efforts inside Russia to acquisition of technology-intensive firms in advanced economies. Russia firms are unique since they operate in a society with a strong scientific tradition inherited from the Soviet system with limited success in translating these scientific inventions into innovative products. The paper provides an inventory of such strategies and provides empirical evidence to exemplify them. Finally, managerial and policy implications are formulated. pp. 182–206
JEL: F23, P20, O32

Keywords: innovation, Russia, multinationals, acquisition, FDI, alliances

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