The Role of Science in Socio-Economic Development

The article examines the reasons for the low innovative activity of domestic enterprises, taking into account the development of Russian science, which is still effective. The aim of the study is to identify ways to ensure a more active impact of research activities on the level of innovation and efficiency of social production, in order to improve the quality of life for the population and develop the social sphere. The originality of the approach used in this article lies in its application of methodological principles and conclusions drawn within the framework of the theory of organizational knowledge management. Specifically, the author draws on the classification of this knowledge management theory into non-formalized and formalized knowledge, and identifies four types of transformation: socialization, externalization, combination, and internalization. Additionally, the article concludes that a continuous and cyclical process is necessary for knowledge to pass through these four stages in a sequential manner. It has been concluded that one of the main reasons for the low innovation activity in our country and the low efficiency of our social production is due to the linear nature of the scientific and innovative process in Russia. This is because there is a lack of feedback between the real economy and society and the field of research and development (R&D). In other words, there is an inefficiency in the process of internalizing knowledge within the domestic economy, and the externalization phase is almost completely absent. Therefore, ensuring the fullness and continuity of this process, based on four sequential types of knowledge transformations, can lead to an intensification of innovation in Russia and an increase in efficiency in the functioning of our domestic economy and society. This in turn would contribute to improving the quality of life for our population.