Innovation In China: A Strategic Management Casebook

Innovation has shaped society since civilization began, and China was the most innovative society on earth in the 20th century. Today, China boasts an internationally compliant, rapidly developing IP system, and most of the innovation comes from the private sector. This book presents cases where managers determine policy in China's increasingly innovative society, showcasing China's traditional three teachings, socialist market institutions, and modern management.

Format: Hardback
Length: 460 pages
Publication date: 25 March 2022
Publisher: World Scientific Publishing Co Pte Ltd

Innovation has played a pivotal role in shaping society since the dawn of civilization. While Imperial China was once considered the most innovative society on Earth, it failed to participate in the 19th-century industrial revolution. However, in the 20th century, the Communist Party of China took steps to address this historical gap. Today, China boasts an internationally compliant, rapidly developing intellectual property (IP) system. State planning remains crucial, as evidenced by the massive high-speed rail project, which stands as the largest and most ambitious technology acquisition and infrastructure endeavor in history.

While the government plays a significant role in fostering innovation through various initiatives, the majority of innovation in China originates from the private sector. Government incubators serve as stimuli for private initiative, both locally and globally. The management of innovation by foreign multinational corporations (MNCs) in China presents a compelling opportunity but necessitates coordination with government policy.

This book presents a collection of cases that explore the decision-making processes of managers in China's increasingly innovative society. Readers are invited to assume the roles of decision-makers and engage in strategic decision-making. The cases presented in this volume showcase China's traditional three teachings, socialist market institutions, and modern management, drawing from studies on current Chinese companies and their leaders, including renowned names such as Haier and Huawei. Each case stands alone as valuable teaching material for instructors. When considered collectively, the book presents evolving models of innovation that have profound implications for the development of our global society.

These subtle differences from Western constructs have a significant impact on the trajectory of innovation and societal progress. By understanding and appreciating the unique characteristics of China's innovation ecosystem, we can gain valuable insights and learn from its experiences. This knowledge can help us foster a more inclusive and sustainable global innovation landscape.

ISBN-13: 9789811245886