The Impact Of Technological Innovation And Its Complementary Assets On Corporate Performance

The manufacturing industry is the mainstay of China economy.With the acceleration of the globalization,the survival and growth of the companies clearly depend on the competitive ability provided by technological innovation ability.In recent years,with the hope of improving product competition by enhance technological innovation ability,the cost spend on R&D in China manufacturing companies growing very fast However,due to the short development history and the extensive growth method of China manufacturing industry,the experience of R&D especially the technique innovation is relatively less which causes the low payback of R&D investment.The question of how to improve the payback from technological innovation and what other supports are needed by technological innovation become the urgent issues for China manufacturing companies.Based on these issues,this paper tries to find the solution by the "complementary asserts" theory which is very famous in developed countries in recent years.The"complementary asserts" means the subsidiary resource and capability in the company for the commercialization of the technological innovation.It's a bridge between technological innovation and firm performance which also will be the key point to the solution of those issues.This paper take the company of GMCC as the typical case of China manufacturing company,using the complementary asserts theory to analyze applicability of this theory for the developing of China Manufacturing Company.After the case study,some suggestions on how to translate the technical innovation into firm performance are indicated as the reference for the China manufacturing company.This paper was divided into six chapters.The first chapter was the introduction,included the background,intention and significance of this research,then the frame of this paper was introduced.The second chapter was the theory part,the research status of technological innovation was reviewed and the content of complementary asserts theory was expounded,then the effect of complementary asserts on technological innovation to firm performance was analyzed,moreover,the PEST method as a commonly used analysis tool for company strategy analysis was introduced.The third chapter was the case introduction.It take the developing process of GMCC as the typical case,according to the technological innovation and strategy position change demanded by external environment change of company,indicated the demand of technological innovation method for GMCC.The forth chapter was the case study.According to the demand above,the countermeasure of GMCC at technological innovation was explained.The fifth chapter is the experience conclusion.the experience and improved suggestion was summarized.The last chapter is summary and prospect,the working content was summarized and the further research was prospected.