COMBINING PERSONAL ECONOMIC INTERESTS WITH THE DEVELOPMENT OF AN INSTITUTION (Case study of the Kyrgyz-Russian Slavic University named after B.N. Yeltsin)

This article explores the role and essence of the economic interests of an economic entity, one example of which is a higher education institution. Education and professional skills can also shape personal economic interests. Highly educated individuals are generally better informed about financial matters and can make more reasoned decisions in the field of economics. The workforce of an institution is composed of individuals whose personal qualities are directed toward meeting their own needs and are shaped by various abilities. Under the influence of the labor collective, the individual is formed as a personality, and his or her interests acquire complexity and uniqueness. As a result, a community of individuals is formed that is capable of organizing and executing actions, which in turn represents an economic management system. Using a specific higher education institution as a case study, the article examines indicators of scientific activity. The authors identify factors hindering the realization of the university’s economic interests from an innovative perspective. The negative consequences of these factors can be mitigated – and eventually eliminated – through the improvement of regional innovation policy, as well as through increased government support for stimulating innovation activities.