| In recent years,the country’s attention to innovation capability has been increasing,and the "Outline of National Innovation-driven Development Strategy" points out that China has a weak independent innovation capability and the core competitiveness of enterprises is not strong.Enterprises are the main battlefield of the overall national R&D and innovation application.New technologies grow rapidly with the change of times,and enterprises’ innovation needs become more and more urgent.Enterprises make innovation decisions with two sides,the innovation results are highly profitable,at the same time,the disadvantageous side such as long investment return cycle and risk-reward uncertainty also plagues decision makers,and there is a certain disagreement in the management’s decision on innovation activities in the absence of driving force.Corporate equity incentive is a long-term incentive mechanism that can stimulate R&D innovation to enhance innovation capability and is used in many scale companies.The topic of promoting corporate innovation is also gradually coming to the academic stage,and the use of equity incentives to stimulate corporate innovation is one of the important ways.When studying the issues related to equity incentives and innovation capability,there are mostly large samples of empirical analysis,but there are relatively few case studies that are closer to reality,and less focused on high-tech enterprises.Huawei,as a representative high-tech enterprise,has been using the equity incentive system for many years to support its innovation activities,so Huawei is chosen as the target of this paper.This paper mainly adopts the case study method to study the profound impact of Huawei’s equity incentive on innovation capability.Starting from sorting out the process of Huawei’s equity incentive policy,we focus on the saturated share allocation system and TUP equity incentive,and analyze the impact of the two equity incentive phases on R&D personnel,patent R&D situation and related operations,and draw the following five conclusions: first,Huawei’s equity incentive has a positive incentive effect on core R&D personnel;second,Huawei’s equity incentive has a significant effect on talent attraction;third,expanding the Fourth,Huawei’s equity incentive can stimulate the overall innovation level and bring higher income;Fifth,Huawei’s equity incentive also has certain influence on the corporate innovation culture.Through the analysis and research of this paper,we make some suggestions for other similar enterprises to implement equity incentives.The same type of high-tech industries should focus on innovation investment and strengthen innovation foundation;establish a sound communication and decision-making mechanism for equity incentive when implementing equity incentive;establish a sound standardized and transparent incentive system;and also establish a long-term incentive mechanism. |
