XTC Innovation Strategy Research

25 years ago,XTC initiated the Hydronium exchange process in Tungstenic product manufacturing,and continuous improve it,overcome the barrier in theory, and became a powerful manufacturer.In early of 90s,XTC introduced a special equipment from Germany.Through better understanding and continuous improve, developed his own equipment.The quality of products manufactured by using this equipment is much better than using other imported equipment.It destroyed the mythology of "Imported is always better".Overview 25 years development,XTC deserived to be a representative of most advanced manufacturing technology in Tungstenic industry.The high standard and consistent quality made by XTC is best in the world.The various products fits various customer demand,it won many appreciation from Tungstenic related industry.The "innovation" made XTC be servived,and been grown up.So far,XTC not only has relatively integrated supply chain in Tungstenic products,but also involved real estate and new energy sources industries.It has 12 branch companies or holding companies.Providing fast refreshing technologies and changeable international market, XTC has to looking for continuous improvement,especially the high-end product to catch up advanced level,so,XTC should continue counting on "innovation".According to J.A.Schumpeter's innovation theory,this paper is intent on analyzing XTC's growth,explore the strategy of management innovation and technical innovation in XTC,and further develop a new innovation strategy and follow up with proposal of execution plan.