Innovative Value Creation in BRICS
The main scientific problem is the development of the cost modeling methodology of value-added accounting for the purpose of obtaining estimates of the value-added level of innovative products, which is necessary for making managerial, investment, production and other decisions at all levels of management and for monitoring the results of such decisions. The purpose of the article is to develop a methodology for accounting for the value added of innovative products, regarding the technology readiness levels for commercialization based on the analysis of problems and growth points of the national economy using the example of the BRICS international collaboration. The article revealed the features of innovative development of leading and developing countries, the need for the national economy in international collaborations to intensify innovative development, the existing problems in accounting for the value added of innovative products, the developed proprietary methodology for accounting for the value added of innovative products, regarding the technology readiness level for commercialization. The theoretical significance lies in the development of methodological foundations for accounting for the creation and distribution of value added, and the practical significance is determined by the fact that for the first time the methodology takes into account the technology readiness levels for commercialization, which gives a new approach to the practical assessment of the value-added innovation.