Author(s)

Jiaqi Yang ¹, Wenchang Liu ¹, Xiaofen Zhang ², Ming Liu ¹

Affiliation(s)

¹ School of Economics and Management, Liaoning University of Technology, Jinzhou, Liaoning, 121001, China
² School of Economics and Management, Shenyang Ligong University, Shenyang, Liaoning, 110168, China

Corresponding Author

Xiaofen Zhang

ABSTRACT

Innovation is the key driving force for achieving high-quality economic development, and the digital economy is an important symbol of China's high-quality economic development entering a new era. Digital transformation relies on digital technology to trigger disruptive changes in many aspects such as enterprise process reengineering, thinking mode resetting, routine update, organizational restructuring, relationship adjustment, reshaping the internal management and resource allocation mode of enterprises, forming a new business model dominated by consumer value, and then changing the path of enterprise value creation. Innovation is no longer a multiple-choice question for manufacturing companies, but has become a must-answer question. Dual innovation is a concrete manifestation of the innovation behavior of enterprises, including two types of exploratory innovation and exploitative innovation, and the analysis of its influencing factors is important. This paper takes manufacturing enterprises as the research object, combines the existing literature, analyzes the influencing factors of dual innovation in manufacturing enterprises from the organization level, manager level, market level and government level, and provides development suggestions and strategies for dual innovation in manufacturing enterprises from three levels: organization level, manager level and government level.

KEYWORDS

Manufacturing companies, dual innovation, exploratory innovation, exploitative innovation

CITE THIS PAPER

Jiaqi Yang, Wenchang Liu, Xiaofen Zhang, Ming Liu, Influencing Factors of Dual Innovation in Manufacturing Companies. Industrial Engineering and Innovation Management (2023) Vol. 6: 63-70. DOI: http://dx.doi.org/10.23977/ieim.2023.060210.

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