S. M. PROKUDIN-GORSKY'S RESEARCH INITIATIVES AND HIS PRACTICAL EXPERIENCE IN RUSSIAN BUSINESS

This article explores the relationship between Prokudin-Gorsky’s scientific views and the effectiveness of his participation in the business life of the Russian Empire in the early 20th century. Particular focus is on the analysis of institutional innovations that affected the effectiveness of the research initiatives of Prokudin- Gorsky in the context of a specific economic and social situation in Russia. Central to the work is the analysis of an interplay between individual and group interests from their economic, organizational and socio-cultural perspective.