Innovation in the new century

Innovation in the new century

English
158 Pages

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This book is about the economics and management of the process of innovation: a key for growth and wealth.
This book does not target a new theoretical contribution but presents the results of applied field research over a long period of time and in many different geographical and sectoral contexts as well as different size of organizations. This is based on the authors' long academic experience as professors, senior researchers and lecturers in Europe, China and in The United States with focus in the field of economics and management of technology and innovation at bachelor, master and doctoral levels.

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Published 20 September 2018
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EAN13 9782140100277
Language English
Document size 9 MB

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IN N OVAT I O NI N T H ENE WCE N T U R Y
« É  »é: Vincent PLAUCHU, maître de conférences honoraire enéconomie, UniversitéPierre MendèsFrance, Grenoble.: Pierre CROCE, Ingénieur d’études, UniversitéPierre MendèsFrance, Grenoble.Cette maison d’édition créée par lAssociation pour la diffusion d’études et recherches (ADER) a pour principal objectif de rendre accessibles,à des prix raisonnables, des cours dispensés dans le champ des sciences sociales, et de diffuser des documents,études et recherches qui ne trouveraient pas leur place dans le secteur commercial classique. ADER: 10 rue champ Rochas 38240 MEYLAN«»  e e Le Code de la propriétéintellectuelle nautorisant, aux termes de la, det 3 article L. 1225, 2 une part, que les«copies ou reproductions strictement réservéesà lusage privé du copiste et non destinéesàune utilisation collective»et, dautre part, que les analyses et les courtes citations dans un but dexemple et dillustration,«toute représentation ou reproduction intégrale ou partielle faite sans le consentement de lauteur ou de ses ayants droit ou ayants cause est illicite»(art. L.1224).Cette représentation ou reproduction, par quelque procédéque ce soit, constituerait donc une contrefaçon sanctionnée par les articles L. 3352 et suivants du code de la propriétéintellectuelle.Illustration de couverture :©Julien Oppenheim, Médiathèque, tous droits réservés© 2018, pour l’édition originale en langue anglaise, http://editionscampusouvert.wordpress.com/editions.campusouvert@orange.frISBN: 9791090293441EAN: 9791090293441:Éditions LHarmattan, 16 rue desÉcoles75005 Pariswww.librairieharmattan.comdiffusion.harmattan@wanadoo.fr
Jean-Jacques CHANARON, Rui LUO, Yingchuan YUInnovat ion in the New Century Éditions«ampusuvert»2018
C o n t e n t s _____________________________________________________INTRODUCTION. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . .7 PARTI ENTREPRENEURIAL CONTEXT: INNOVATION AND ENTREPRENEURSHIP. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . .91.1. History of Entrepreneurship . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . 9 1.2. Innovat ion . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . . . . 12 1.3. Innovat ion and Entrepreneurship . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . 17 1.4. Summary and Def init ion of Key Terms . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . . . . . 22PARTII NEW PERSPECTIVES IN SMES: INNOVATION AND HI-TECH SME. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . .232.1.Innovat ion in Hi-tech SMEs . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . 23 2.2. Key factors of innovat ion of SMEs . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . 25 2.3. Case Study : A Comparat ive Analysis in France and China . .. . . . . .. .. . . . . .. ..29 PARTIII INNOVATION IN THE FUTURE : INNOVATING FOR THE AUTOMOBILE OF THE FUTURE. .. . . . . .. .. . . . .69 . . . . .. .. . . . 703.1. The potent ial alternat ives . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. 3.2.Which opt ion might win the race? . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . . 98
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PARTIV INNOVATION VALUATION: GUESSWORK OR FORMALIZED FRAMEWORKE ?. .. . . . . .. .. . . . . .. .. .121 4.1. Introduct ion . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . . . 121 4.2. R&D, Innovat ion, Product ivity and Market Value . .. . . . . .. .. . . . . .. .. . . . . . . . 122 4.3. Innovat ion and Sales Growth or Cost Reduct ion . .. . . . . .. .. . . . . .. .. . . . . . . . . 124 4.4. Innovat ive Project Management . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . . 125 4.5. Technology Assessment and Technology Forecast ing . .. . . . . .. .. . . . . .. .. . . . 127 4.6. Composite Measurement . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . 127 4.7. Analysis and Conclusions . .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . 130 REFERENCES. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . .. .. . . . . . . .135
I n t r o d u c t i o n _____________________________________________________OBODY WOULD CHALLENGE THE IMPORTANCE OF INNOVATIONin our modern world. N In academia, as well as in the “real” world, economic, technological, organizational and social innovations are unanimously considered the most important elements for growth and wealth creation. There are already thousands of books and articles in peerreviewed scientific journals about innovation, and this one aims to add further knowledge and insights to guide decision makers toward improving their innovation management practices. This book does not intend to make mere theoretical contributions, but rather presents the results of applied field research collected over a long period of time, from many different geographical and sectoral contexts, as well as from organizations of different sizes The authors have an extensive academic experience as professors, researchers and senior lecturers in Europe, China and in the United States. Their experience has particularly been in the fields of economics, and in management of technology and innovation at bachelor, master and doctoral levels. The first chapter is primarily conceptual, and deals with the concepts of entrepreneurship and innovation. These two concepts are at the core of contemporary economics and management science, and continue to attract attention from scholars, managers and politicians. The second chapter reports doctoral research on innovation capabilities and practices in small and medium enterprises (SMEs) within high technology industries, comparing China and France through a quantitative approach using a survey with hundreds of firms. This is an updated, extended, and improved version of an article published in 2017 (Rui & Chanaron, 2017). The third chapter deals with an indepth case study in one of the most mature manufacturing industry, specifically the automotive industry. This analysis involves a systemic discussion of the future of the electric vehicle, which is currently presented as the next “automobile revolution.” This is a thoroughly modified and updated version of two articles previously published in 2014 (Chanaron, 2014c & 2014d).
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I n t r o d u c t i o n
The fourth and final chapter examines a series of methods and tools intended to help managers to give a value to innovation. This is an updated version of an earlier presentation given at an international conference in Bangalore (India) in 2013 (Chanaron, 2013). Due to its emphasis on practical application, this book targets students and scholars in business administration, policy makers as well as managers and practitioners in innovative businesses. In the final analysis, academic research has no value without the validation from practitioners in the real world! Enjoy your reading!  Grenoble, May 2018
PA R T I
Entrepreneurial Context: Innovation and Entrepreneurship ____________________________________________________1.1.HISTORY OF ENTREPRENEURSHIP       ! "      # #     $  $# # %          $ %    &#  $   &!   '  ! #    #  %     #   &# ! #        !  #             &    %   !       %   # !( Joseph Aloysius Schumpeter, 1961HE WORDENTREPRENEURSHIP may be defined differently within each distinct domain. THowever, this term is usually conflated with the term “SME” (Small and Medium Enterprises). This is because not only are most companies in today’s world SMEs, but furthermore, because all of what$become “big businesses” begin their life as a SME. On one hand, the word “entrepreneurship” is also linked to the word “innovation,” because the root of the word innovation actually combines the very beginning of the word “invention” and the spirit of entrepreneurship. On the other hand, we can say that entrepreneurship is always driven by innovation. Many historians explain the essence of entrepreneurship by using the quote attributed to Julius Caesar:)* * *)which, in Latin means “I came, I saw, and I conquered.” This famous saying demonstrates the ambition of the Roman politician and general, which, in turn, correlates with another interpretation of the word “entrepreneur.” According to etymology of entrepreneur,, this loanword from French can be divided into “entre” , th meaning “between or among,” and “preneur,” which means “buyer or potential tenant.”. In the18 century, the term “entrepreneur” was used to refer to the people who are in charge of various parts of the construction or public works sector. Richard Cantillon, the father of physiocracy, defines entrepreneurs as: