Reseach On The Realationship Between Growth Synergy And Peformance Of Innovative Enterprise

To achieve the strategy putted forward in 19 th CPC National Congress aimed to speed up the construction of an innovative country,promote China's industry to the high-end of the global value chain,and improve the international competitiveness of enterprises,we must vigorously promote the construction of innovative companies.At present,the overall growth of China's innovative enterprise groups is in good momentum.However,some enterprises have the problem of considering technology innovation in isolation and ignoring the effect of technological factors and other factors.They have poor continuity of growth and are unable to achieve everlasting growth.Therefore,it is of great theoretical and practical significance to study the growth driving mechanism of innovative companies and analyze the relationship between factor synergy and growth performance for establishing and perfecting the growth mechanism of innovative enterprises.Thus,this article takes the relationship between growth factor cooperation and growth performance of innovative companies as research content,uses innovative chemical companies as case companies and synergetic theories,innovative enterprise theories,firm growth theories as guide,and takes comprehensively applies mathematical statistics,social surveys,case studies as methods to explore the problems of identifying growth factors,analyzing collaborative mechanisms,demonstrating collaborative relationships,and diagnosing collaboration levels,etc.The main innovative conclusions put forward as follows:The first part is the research of the growth elements and synergetic mechanism of innovative companies.From the internal and external perspectives,seven growth factors such as technology,system,organization,market,culture,strategy,and social service were extracted.Through the questionnaire data of 278 innovative enterprises of 152 companies,we used the method of multiple linear regression to screen the above seven growth elements,and four elements were put forward including technology,system,strategy and market.Further,a three-dimensional space model containing these four elements was proposed.In this model,we considered technology,system,and market as the “support triangles” for the growth of innovative companies.The strategy factor determines the coordination and interaction relationship among three elements through acting on the allocation of resources and capabilities of enterprises.And from the perspective of plane,three dimensions,and evolution,the interrelationships among the four elements and the evolution logic of the company's growth path under the three modes of technology-led,market-led,and institutional-led were analyzed.Second,this paper explores the basic principle and measurement method of the synergy of growth factors of innovative enterprises.Based on the theory of synergism and enterprise growth,this paper analyzes the connotation,goal,motivation and level of the synergy of growth factors,build a concept model of the total synergy of growth factors of innovative enterprise,includes six growth factors covering strategy,technology,organization,management,market and culture,taking technology as the core factor,technology and other five factors constitute a single synergy and all six factors form a total synergy,further analyzes the process of total factors synergy and it's typical behavior characteristics.Reference for the comprehensive coordination degree model,this paper constructs the degree of total growth factor sytem model(DTS),puts forward the index system and the method of each subsystem secondary index and weight calculation.The third part is the empirical research on the influencing factors of the growth factors synergy of innovative companies.We constructed a structural equation model of the interaction among growth factors,entrepreneurs,and the environment.The empirical study found is presented below: The enterprise organizational structure elements and management elements directly affect the synergy degree of growth factors,and the impact of the enterprise management is greater;corporate organization and management are directly influenced by entrepreneurs and reflect preferences and decision-making behavior of entrepreneur;the external environment,whether economic or institutional,has a significant effect on the synergy of corporate growth factors,but this effect is indirectly produced by entrepreneurs;differences in environmental factors cause divergences in the preference of entrepreneurs,which further affect the internal organization and management of companies,and the synergy of growth factors;compared with the institutional environment,the economic environment has a greater impact on entrepreneurs.The forth part is the empirical research of the correlation between growth factor synergy and growth performance of innovative enterprises.A conceptual model consisting of synergy relationship of six growth factors,which are strategy,technology,organization,management,market,and culture,was constructed.Factor analysis,variance analysis,correlation analysis,and regression analysis were used to investigate the questionnaire data.Five co-factors and two performance factors were extracted through factor analysis;difference and regularity displayed by growth performance and factor synergy of companies based on the heterogeneity characteristics were revealed through variance analysis;the significant correlation among "alone coordination of technical and non-technical elementscomprehensive coordination of growth factor-growth performance" were proved through correlation analysis;after controlling the characteristics of the company,such as the nature of the equity,the establishment period,the size of the company,and the type of industry,regression analysis confirmed that there is a robust positive regression relationship among the three,after controlling the characteristics of the company,such as the nature of the equity,the establishment period,the size of the company,and the type of industry,regression analysis confirmed that there is a robust positive regression relationship among the three,in which technology-cultural collaboration,technology-management collaboration,and technology-strategic collaboration have the greatest impact on overall synergy and thus have the greatest impact on growth performance.The fifth part is to evaluate and diagnosis synergy situation of innovative companies by case studies.Use the total synergetic model(DTS)including 22 measures for comprehensive synergy evaluation of the growth factors of innovative chemical companies was established.And taking Wanhua Chemical as a case,it calculated the overall synergy degree of corporate growth from 2006 to 2015 and analyzed the good experience and problems in the growth factor synergy.Finally,related countermeasures and proposals were put forward.