Research into the Phased Supporting Enterprise Innovation Policy of China

Yang Yang, Jin Li and Haiyan Cheng
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Yang Yang: Beijing Research Center for Science of Science
Jin Li: Beijing Research Center for Science of Science
Haiyan Cheng: Beijing Research Center for Science of Science

The Northeast Asian Economic Review, 2016, vol. 4, issue 2, 89-97

Abstract: A technology enterprise has its own unique characteristics and laws of development at different life-cycle stages. These characteristics are seen in business venture and enterprise development and differ in terms of enterprise size, organizational management, innovation activities, investment and financing, market environment, and business risk. Therefore, the policy demands of enterprises at different life-cycle stages vary widely. The government should follow the rules of business venture and enterprise development, and formulate and improve a policy system featuring the characteristics of different stages in order to create a favorable entrepreneurial environment. Based on the analysis of characteristics of enterprises at the startup stage, the developing stage and the mature stage and their different policy requirements, this paper proposes an innovation policy system based on enterprise life-cycle stages, and makes suggestions on how to improve it.

Keywords: enterprise life cycle; technology enterprise; policy system (search for similar items in EconPapers)
Date: 2016-10
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