How to Win the Battle on Innovation?

Taco C. R. Someren and Shuhua Someren-Wang
Additional contact information
Taco C. R. Someren: Ynnovate
Shuhua Someren-Wang: Ynnovate

Chapter 6 in Innovative China, 2013, pp 221-257 from Springer

Abstract: Abstract To win the battle on strategic innovation will be the biggest challenge of the twenty-first century for China, the USA, and the EU. Although China is emulating itself towards an innovative economy, the innovation battle cannot be won by central planning and control. If we look at the strategic innovation issues of the twenty-first century, there are at least ten major issues each with their own dynamics and challenges. Although China, the USA, and the EU each have a head start on one or more of these issues, none of the contenders has a decisive advantage yet. The Global Strategic Innovation Index shows the different positions of China, the USA, and the EU. But foremost, this index demonstrates the huge untapped potential of strategic innovation each of the countries can still exploit. It will indeed become an eternal process of emulation on the level of countries, regions, industries, individual firms, and individuals and policies. Leaders from governments and industries will have to pick up the challenge of strategic innovation and create their own tailor-made solutions fitting to their history, culture, future world needs, and ambitions. The winner will be the one which knows its weakness and strength in a changing world with changing counterparts and be able to renew itself continuously.

Keywords: Corporate Governance; Innovation Policy; Public Organization; Chinese Firm; Business Development (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-642-36237-8_6

Ordering information: This item can be ordered from
http://www.springer.com/9783642362378

DOI: 10.1007/978-3-642-36237-8_6

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().