Dual Innovation, Non-precipitating Redundant Resources And Corporate Performance

At this stage,the external environment is turbulent and complex,technological changes are changing with each passing day,and the market competition is becoming increasingly fierce.All enterprises are facing the inevitable growth dilemma.The historical experience of countless successful enterprises tells us that innovation is the fundamental driving force for an enterprise to achieve economic growth and long-term development.Without innovation,enterprises can easily be eliminated by the rapidly changing market environment.However,in the context of comprehensive innovation,we tend to overlook the issue of innovation methods,and pay excessive attention to the amount of innovation investment.We should clearly realize that different ways of innovation have different effects on the growth of enterprises.On the basis of the dual theory proposed by March,some scholars introduced the �exploration-development� model into the innovative research framework,and explicitly proposed the concept of exploratory innovation and developmental innovation,thus opening up research on innovation.New field.At present,the theory of dual innovation has received the attention of the theoretical and practical circles.However,because exploratory innovation and developmental innovation are two very different behaviors,there are significant differences between resource demand and configuration,innovation content,and results.However,most companies are not aware of these.The problem is that enterprises often die on the road of enterprise value creation when they carry out innovation activities.In addition,we find that in the new economic environment,it is extremely difficult for enterprises to obtain external resources,and it is difficult to support exploratory innovation.At the same time,the �thinking position� brought by previous successful experiences has caused internal resources development to face extremes.It is difficult to support developmental innovation.Therefore,how to search for resources and effectively manage the allocation of resources,in order to better provide material support for innovation activities,and promote the promotion of corporate value has become a key issue.This paper will construct the research framework of �innovation-performance� and select the non-precipitating redundant resource as the adjustment variable,and use the sample data from 2009 to 2017 to discuss the binary innovation and non-precipitation redundancy through empirical research methods.The intrinsic link between resources and business performance.Firstly,it theoretically analyzes the impact of two innovative methods on firm performance,and then introduces a non-precipitating redundant resource as a variable to further explore its positive role in the path of �innovation-performance�.This paper aims to dissect the mechanism of the two types of innovations in the implementation process and the utilization of internal resources on enterprise performance,and hopes to enrich and expand the current research on resource coordination,innovation management and strategic choice.At the same time,it hopes that resources are scarce.Under the environment,enterprises can rationally allocate and make full use of idle resources,implement innovative strategies,and obtain some theoretical guidance and practical enlightenment for short-term performance and long-term competitive advantage.