Architecture and performance of innovation management systems in large corporations

One task to be accomplished while designing systems for managing innovation activities of industrial corporations is to ensure the integration of the principles of entrepreneurial development strategy with the corporate and existential goals of an organisation and the assessment of managerial decisions’ effectiveness. The article intents to develop an original method for assessing the performance of innovation management systems in corporations and test it on the data for large Russian industrial holdings. The methodological basis of the study consists of the corporate governance, management and entrepreneurship theories. The methods used include qualitative, regression and comparative analysis. The evidence is the 2010–2022 data on 160 corporations of the RAEX Top-600 Ranking (2023) representing 21 industries retrieved from the All-Russian data system on companies and businesses “For honest business”. The result of the research is the architecture of an innovation management system of an industrial holding, from which it was established that the strategic contour of corporate governance integrates the subsystems for managing innovationentrepreneurial and financial-economic activities, that is, they can be considered as a single element of the management system of internal entrepreneurship objects. Therefore, financial reporting indicators of industrial holdings can be taken to assess the performance of innovation management system. The assessment of the management systems’ performance allowed identifying industrial holdings with a high probability of the influence of management systems on the innovative result in the contour of internal processes. Such holdings, in particular, include PJSC United Aircraft Corporation in the mechanical engineering industry, AO Nizhpharm in the pharmaceutical industry, PJSC Uralkali in the chemical and petrochemical industry, etc. These findings allow assuming that the leading holdings have formed a structured system of corporate innovation management focused on the development of internal entrepreneurship. Industrial holdings for which the proposed method did not establish a significant relationship between management costs and innovative results need further investigation of their entrepreneurial behaviour.