Creating globally competitive and innovative products: China's next Olympic challenge

Linda C Wang, David AHLSTROM, Anil Nair, Rachel Z Hang

Research output: Contribution to journalArticlepeer-review

Abstract

Building innovativeness into the business culture is imperative in today's competitive environment. Recommendations for encouraging innovation have been made based on government's role, the strategic management of innovation and improved strategic planning. Most agree that innovation depends on
giving all employees the opportunity to experiment with new products and services, and not only those in the engineering department. Yet there are significant institutional and cultural barriers to innovation and risk-taking present in organizations and society, particularly in emerging economies. This paper examines barriers to innovation faced by indigenous firms from Mainland
China as seen by top management, engineers, and consultants there.
Original languageEnglish
Pages (from-to)4-15
Number of pages12
JournalSAM Advanced Management Journal
Volume73
Issue number3
Publication statusPublished - Aug 2008

Keywords

  • Innovation
  • Management of technology
  • China
  • Competitiveness
  • Trade
  • Economic growth

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