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China becoming a leader in innovation spaces

Chapter in book
Authors Maureen McKelvey
Jun Jin
Published in McKelvey, M. and Jin, J. Innovative Capabilities and Globalization of Chinese Firms: Becoming a Leader in Innovation Spaces
Publisher Edward Elgar Publishers
Place of publication Cheltenham, U.K.
Publication year 2019
Published at Department of Economy and Society, Innovation and Entrepreneurship (IIE)
Language en
Links www.e-elgar.co.uk
Subject categories Economics and Business

Abstract

In the modern economy, the competitiveness of firms depends upon their use of advanced knowledge for innovation as well as their ability to act globally. Western countries have long taken the lead in developing knowledge and transforming it into business and social innovation, but in recent decades, the Chinese economy is rapidly advancing. Chinese firms are developing innovative capabilities and engaging in globalization, which affects not only China but also the world. Therefore, our book addresses Innovative Capabilities and Globalization of Chinese Firms. Moreover, our book focuses upon only on a particular sub-set of Chinese firms, namely ones striving to become a leader in their industry, and primarily privately-owned companies. The Chinese firms examined here include knowledge intensive entrepreneurial (KIE) ventures as well as emerging market multinational enterprises (EMNE). Our focus is thus very much on those Chinese firms which already are – or are striving to become – world-leading in their technologies and markets, and which do so by their use of advanced knowledge for innovation as well as their ability to act globally. In our conceptualization, these firms are thus searching for market, technological and productive opportunities and accessing multiple resources through networks within an innovation space. The phenomenon studied is Becoming a Leader in Innovation Spaces. This chapter concludes the book, providing an analytical framework, propositions and areas for future research.

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