Innovation Mechanism of Enterprises
Introduction
Innovation is the key factor of economic development. Innovation must be supported by measures and mechanisms. This paper intends to discuss the innovation mechanism of enterprise and how the mechanism influences the economic development.
Innovation Mechanism of Enterprises
Innovation mechanism refers to the total system and complete set of rules and regulations which are used to promote the innovation development of enterprises to achieve the optimal purpose. This mechanism is composed of innovation environment, innovation resources, innovation incentives, innovation organizations and innovation activities.
Innovation Environment
The innovation environment is one of the key elements of the innovation mechanism. It defines the space framework of the innovation, and create the necessary ecological environment for the operation of the innovation mechanism. Therefore, creating an innovation-friendly environment is an important part in promoting the innovation of the enterprise. This can be realized through macroecoonomic policy and other relevant policy measures.
Innovation Resources
Innovation resources refer to all kinds of resources that can be used in the process of innovation. This includes financial resources, human resources, technology resources and material resources. Enterprises should optimize their structure and better utilize these resources to promote their innovation and improve the efficiency.
Innovation Incentives
Innovation incentives refer to economic incentives or other kinds of incentives which can encourage the enterprise to increase their innovation level and reach a higher goal. Innovation incentives are very important in promoting the innovation of enterprises, including incentive systems on employees, customers, investors and other stakeholders of the enterprise.
Innovation Organizations
Innovation organizations refer to the structure of the enterprise which is specialized in innovation activities. The organizations should have the capacity to recognize the needs of the customers, and have the ability to plan and implement the innovation projects effectively and efficiently. There should also be a close cooperation between the different organizations in the enterprise, and their operations should be in line with the innovation development strategy.
Innovation Activities
Innovation activities refer to the processes of creating new products, services and solutions which can meet the needs of the customers, society and the enterprise itself. The activities should reflect the innovation strategy of the enterprise, and be conducted in an effective and efficient manner.
Conclusion
In conclusion, it is an integral part of the economic development when enterprises strengthen their innovation mechanism. An effective innovation mechanism not only benefits the enterprise itself but also drives the development of the whole society. Thus, it is necessary to develop the innovation mechanism of enterprises, which should embrace the innovation environment, resources, incentives, organizations and activities.
