Identifying effective approaches to innovation management and innovative performance

Yang Baiyin; Gao Ang

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Science Research Management ›› 2013 ›› Issue (3) : 41-49.

Identifying effective approaches to innovation management and innovative performance

Yang Baiyin, Gao Ang

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Abstract

The hundreds of high-tech enterprises in Zhejiang Province are surveyed, several effective approaches to innovation management, that is, establishing entrepreneurs’ innovation intention, cultivating innovative culture, building innovation system, setting R&D institution, making R&D investment, and advocating research cooperation with colleges or institutions are identified. The study shows that innovative soft investment is positively related to the technology advance, financial benefit, and innovative capability of firms; R&D institution is positively related to firm’s technology advance and financial benefit; and R&D investment is positively related to firm’s technology advance. In addition, the study finds that the stronger the market competition is, the stronger the effectiveness of soft investment and research cooperation is. The main determinants of firm innovation are further explored and troubles in advancing innovation faced by firms are learnt and a nuanced picture about the innovation management for Chinese high-tech enterprises is presented.

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innovation management approach / market competition / innovative performance

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Yang Baiyin, Gao Ang. Identifying effective approaches to innovation management and innovative performance[J]. Science Research Management. 2013(3): 41-49

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