Managerial strategies based on innovation

被引:0
|
作者
She Lian [1 ]
Jiang Heng [1 ]
机构
[1] Wuhan Univ Technol, Sch Management, Wuhan 430070, Peoples R China
关键词
innovation; international diversification; risk; value innovation;
D O I
暂无
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Innovation improves a firm's capability of achieving strategic competitive advantage in domestic and global markets, but it will also involve technical and market risks. The quality of management will have a crucial influence on the innovation success achieved by a company. In today's global economy, successful managerial strategies on innovation include international diversification and value innovation. International diversification provides the potential for a firm to achieve greater returns on its innovations and thus lowers the usual substantial risks, and effective value innovation is at the core of a firm's competitive success because a firm seeks to commercialize each invention through value innovation.
引用
收藏
页码:253 / 256
页数:4
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