The Research On The Fit Between R&D Human Capital Investment And Technological Innovation Strategy

The lifecycle of high-tech products shortens enormously with ever-increasing upgradation of technology, intensive market competition and enlargement of consumption differentiation. The competition among high-tech enterprises focalizes to core competence of research and development. R&D human capital investment in high-tech enterprises accounts for a majority of proportion in its total operating cost, therefore, efficient, agile and successive R&D core competence has grown out to be lifeline of high-tech enterprises. Problems arise accordingly and have been becoming the theoretical front and hot issues at home and abroad, which are how to maintain highly efficient R&D human capital investment activities, how to invest R&D human capital under the given technology innovation strategy and how to insure appropriate fit between R&D human capital investment and technology innovation strategy.One of the most important resources is R&D human capital in high-tech enterprises. The foundation of insuring the maximal value of high-tech enterprises or stockholders is to maintain the maximum of R&D human capital. As the most important stakeholders to high-tech enterprises, the governance mechanisms of them become one of crucial problems. This paper analyzes the differences of human capital investment between high-tech enterprises and traditional enterprises based on game theory, agency theory, stakeholders theory and institution theory from the whole new angle, explores the direction and contents of R&D human capital investment structure and designs an evaluation indicator system of R&D human capital investment.The model of the fit between R&D human capital investment and technology innovation strategy is put forward through a series of bivariate correlation analysis, K-means cluster analysis and regression analysis. The results of empirical analysis indicate that the influence of the fit between this two factors on R&D performance increases by 6.47% over that by a single improvement of R&D human capital investment and increases by 14.98% over that by a single improvement of technology innovation strategy, which prove there is more significance of the fit between this two factors than a single factor improvement.