Research On The Effect Of Input Servitization On Innovation Performance Of Manufacturing Industry

Recent years witnessed the developmental trend of cross-border integration and collaborative innovation,showing the fact that the industrial boundaries between manufacturing and service industries have gradually blurred.As a breakthrough for the manufacturing industry to seek opportunities for transformation,servitization has created a new competitive advantage for the manufacturing industry by enhancing the service functions of each link in the industry chain.In the light of the fact that innovation is an inexhaustible source of economic growth,this thesis focus on the internal relationship and mechanism between input servitization and innovation performance of manufacturing industry,providing a theoretical and practical basis for manufacturing industry to break through the development bottleneck and promote the implementation of innovation development strategy.Firstly,the core issues of this thesis are proposed by sorting out and summarizing the existing domestic and foreign literature,and on the basis of the theory of division of labor,value chain theory,industrial integration theory and transaction cost theory,the possible ways of input servitization on innovation performance of manufacturing industry are systematically analyzed.Secondly,this thesis uses the input-output method to measure the level of input servitization in China’s manufacturing industry,summarizes the basic situation and shortcomings of China’s manufacturing input servitization,and analyzes the innovation of China’s manufacturing industry from the perspective of innovation input and output.Thirdly,the influence and the mechanism of input servitization of manufacturing on innovation performance are empirically testified with China’s industry data from 2000 to 2014.And with the difference in industry dependence on factors and the difference in service factor investment considered,the heterogeneous effects of input servitization of manufacturing on innovation performance are discussed.The results show that: Firstly,Input servitization of manufacturing industry and innovation performance are in direct proportion,that is,improving the input servitization of manufacturing industry is conducive to the improvement of innovation performance.Secondly,among the human capital mechanism and the cost mechanism,the two main channels to improve input servitization on innovation performance of manufacturing industry,the intermediary effect produced by the former plays a leading role while the intermediary effect produced by the latter plays the auxiliary role.Thirdly,from the perspective of the manufacturing industry heterogeneity,The improvement in service level of labor-intensive industries and capital-intensive industries can significantly improve innovation performance,and the effect is basically the same.But for the technologyintensive industries,there is no significant impact of input servitization on innovation performance.Fourthly,from the perspective of the heterogeneity of service factors,wholesale and retail servitization,information and communication servitization,financial and insurance servitization,and professional technology servitization all plays a pivotal role in manufacturing innovation performance,behind which the information and communication servitization plays the most important role,following by the professional technology servitization,the financial and insurance servitization,and the wholesale and retail servitization.And there isn’t any significant impact of transportation and warehousing servitization on manufacturing innovation performance.Four policy implications could be proposed based on the above researches.Firstly,The in-depth integration of manufacturing and service should be promoted,and manufacturing industries should be reasonably guided to improve the penetration rate of service elements.Secondly,the cultivation and support of high-level innovative talents should be strengthened,promoting the agglomeration of innovative elements such as human capital towards the manufacturing industry,and making good use of the human resource congelation effect,in order to realize the industrialization of innovative achievements.Thirdly,the cost reduction policies and measures should be continued to carry forward,fundamentally helping enterprises to get rid of the development dilemma caused by high tax burdens and high transaction costs,stimulating the innovation enthusiasm of enterprises.Fourthly,the targeted service-oriented strategy should be adopted.Due to the differences in industry factor intensity and service factors,the government’s servitization strategy guidance for manufacturing companies should be implemented accurately according to local conditions and timing conditions step by step.