China is trying to turn its labor, capital and resources intensive, lower added-value and export dependent growth into a sustainable innovative economy. This is changing the world’s power balance and has sparked a race between East and West in knowledge-based, high added-value economic innovation. Inspired by their extensive experience in doing business with China, the authors show how the US, the EU and China have reached a crossroad where ten battle fields decide about their future earning capacity and prosperity. Whether China will be a threat or an opportunity depends on the main players in government, public and private organizations rethinking their innovation policies and paths of business development. This books offers a new view on innovation which can be applied by corporate leaders and policy makers to get ready for the future.
China is creating the third growth wave in the sustainable sector. This greening of the Chinese economy offers threats and opportunities for Western organizations. Getting a piece of this new cake requires strategic innovations in both policy and corporate strategy. Based on the theory of strategic innovation and their extensive practical experiences in doing business with China, the authors propose potential areas and activities for strategic innovation in the West in response to Green China.
This book presents a radically different approach to innovation aimed at creating new growth cycles for the Russian economy. To better grasp the opportunities hidden behind worldwide megatrends, such as the growing economic prosperity of Asian countries and the importance of the internet-based economy, the authors argue for a reinvention of Russia’s innovation strategy. Instead of a purely technology-driven approach, the authors illustrate how the principles of strategic innovation help develop institutional and non-technical innovation, as well as new forms of leadership and entrepreneurship within the Russian business culture. The authors also discuss the impact of strategic innovation on corporate strategies, innovation and economic policy, as well as academic research and development agendas. The book also sheds new light on how cooperation between Russia and the EU, the US and China in the area of innovation can be of mutual benefit.
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