Increasing Efficiency of Russian Companies' Innovative and Business Activities in the Context of Modern-Day Economy

The present stage of evolution processes puts forward to the social conscience a problem of determining a further way for Russian society development because today it became urgently needed to rethink the accumulated experience and relevant transformation of the country economy management system for the purpose of national sustainable development. Transition of western countries to the new technological mode of social relationship development requires a new society to be built that is based on principle of legality, application of high moral and ethical ground, innovative approaches to the society management system, and broad application of IT and Innovative Technologies. The latest decades' experience, both in Russia and abroad, has shown that industrial complex is one of the key branches of national economy; it significantly influences the economic development of a country, including the increase in employment and incomes of its population and in taxation proceeds. Experts say that home industry has considerably contributed to the creation and improvement of high technology, which is an indispensable factor in the country's national and economic security. Under the conditions of today, companies face the impact of many external factors: the country's current policy, its business situation (the investment climate, the tax level, the economic and legal consequences of economic sanctions against Russia, etc.), the existing economic environment and the conditions of fund-raising (rates on bank credits, the general state of global capital market, etc.) In this context, it is most timely to explore new methods, approaches and ways that may improve efficiency of industrial company management, which is exactly the goal of this scientific research. The subject of the research is efficiency of Russian economic actors innovative and business activity. The research has been conducted using the conventional methods of obtaining knowledge and comparison, based on the generalization of works of the well-known scientists Bakanov M. I., Gumina V.M., Dontsova L.V., Savitskaya G.V., Saprykina M.S., Skamay L.G., Sokolova O.N., Stoyanova E. S., Sheremet A. D, and others. Some Russian companies' open source accounting and management data served as the information base for the research. The practical importance of the research is the development of specific measures and recommendations to increase efficiency of Russian enterprises' business activity in the modern-day economic situation.