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What’s stopping enterprises from research and innovation?: empirical cases of four innovative companies

What’s stopping enterprises from research and innovation?: empirical cases of four innovative companies
What’s stopping enterprises from research and innovation?: empirical cases of four innovative companies
Research and innovation are recognised as important contributors to enterprises’ competitive advantages but can be costly and risky, particularly for innovative tech companies. Increasing attention and support from key stakeholders in the emerging markets including the policy makers have been provided in the hope to address their lagged position. In the context of China, various direct incentives and other measures are given to support innovative companies in the private sector. However, despite the considerable amount of monetary and policy incentives come in various forms, the willingness to conduct fundamental research and innovations in the private sector appears to be very limited, and hence their success. The extant studies focus more excessively on either external factors (e.g., policy and regulation) or internal factors (e.g., governance).
In this exploratory study, we selected four case innovative enterprises from different industries in the same region and collected qualitative data via focus group and semi-structured interviews, supplemented by archives, observation and reports. From an institutional perspective, we examined the voids and challenges facing research and innovation as a result of combined external and internal conditions at different levels. With empirical findings, we claim that top-down governmental pressures and incentives fail to work due to misaligned logics, and that those ‘good intentions’ are often de facto blockers, which damage trust and co-operation among the actors involved. Supported by Austrian thoughts, policy and managerial recommendations are proposed.
Dong, Hao
73a03c20-d661-446a-b45e-d2cf9e556998
Chen, Meyo
38648cad-4877-4139-b3da-626a0b16fbc2
Niu, Xiaohan
82c2160b-1ab7-45d1-97c0-54fd6ce93bc3
Sun, Yidi
562b1ea0-3b01-4755-b553-470e49bad9a8
Dong, Hao
73a03c20-d661-446a-b45e-d2cf9e556998
Chen, Meyo
38648cad-4877-4139-b3da-626a0b16fbc2
Niu, Xiaohan
82c2160b-1ab7-45d1-97c0-54fd6ce93bc3
Sun, Yidi
562b1ea0-3b01-4755-b553-470e49bad9a8

Dong, Hao, Chen, Meyo, Niu, Xiaohan and Sun, Yidi (2022) What’s stopping enterprises from research and innovation?: empirical cases of four innovative companies. 2022 Libertarian Scholars Conference, , Nashville, United States. (In Press)

Record type: Conference or Workshop Item (Paper)

Abstract

Research and innovation are recognised as important contributors to enterprises’ competitive advantages but can be costly and risky, particularly for innovative tech companies. Increasing attention and support from key stakeholders in the emerging markets including the policy makers have been provided in the hope to address their lagged position. In the context of China, various direct incentives and other measures are given to support innovative companies in the private sector. However, despite the considerable amount of monetary and policy incentives come in various forms, the willingness to conduct fundamental research and innovations in the private sector appears to be very limited, and hence their success. The extant studies focus more excessively on either external factors (e.g., policy and regulation) or internal factors (e.g., governance).
In this exploratory study, we selected four case innovative enterprises from different industries in the same region and collected qualitative data via focus group and semi-structured interviews, supplemented by archives, observation and reports. From an institutional perspective, we examined the voids and challenges facing research and innovation as a result of combined external and internal conditions at different levels. With empirical findings, we claim that top-down governmental pressures and incentives fail to work due to misaligned logics, and that those ‘good intentions’ are often de facto blockers, which damage trust and co-operation among the actors involved. Supported by Austrian thoughts, policy and managerial recommendations are proposed.

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Submitted date: 1 July 2022
Accepted/In Press date: 5 August 2022
Venue - Dates: 2022 Libertarian Scholars Conference, , Nashville, United States, 2022-09-10

Identifiers

Local EPrints ID: 468463
URI: http://eprints.soton.ac.uk/id/eprint/468463
PURE UUID: 22b26129-628d-4418-a0ec-cb5e38a2eb11
ORCID for Hao Dong: ORCID iD orcid.org/0000-0002-3458-4986

Catalogue record

Date deposited: 16 Aug 2022 16:34
Last modified: 29 Sep 2022 01:59

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Contributors

Author: Hao Dong ORCID iD
Author: Meyo Chen
Author: Xiaohan Niu
Author: Yidi Sun

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