International Journal of Economics, Finance and Management Sciences

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Research on the Path of Reverse Innovation: A Case Study of High-tech Industry Latecomer Firms in China

Received: 24 June 2020    Accepted:     Published: 22 July 2020
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Abstract

With the economic slowdown in developed countries and the rise of emerging economies, reverse innovation from developing countries has had a profound impact on the global changes of multinational companies. As a global innovation diffusion model, it plays a vital role in the late stage of company innovation catch-up. Reverse innovation is about to become an important means to international competition, so exploring how to effectively carry out and implement reverse innovation is of great guiding value to the management practice of multinational companies. First of all, this article reviews the relevant literature on reverse innovation and introduces the research status of this topic. Based on this, through a vertical case study of three representative companies in China's high-tech industry (Huawei, Galanz and Mindray), the article explores the innovation and development process of their products from three stages of imitation innovation, independent innovation and leading technology, and summarizes the three companies in reverse innovation success path. Finally, according to the successful experience of the case, the article puts forward suggestions to promote the development of high-tech enterprises from three aspects of expanding emerging markets, improving independent innovation ability and actively using policy resources, providing reference and inspiration for enterprises to improve innovation ability and accelerate internationalization process.

DOI 10.11648/j.ijefm.20200804.12
Published in International Journal of Economics, Finance and Management Sciences (Volume 8, Issue 4, August 2020)
Page(s) 138-145
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This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Emerging Markets, Latecomers, Reverse Innovation

References
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Author Information
  • School of Economics and Management, China University of Petroleum (East China), Qingdao, P. R. China

  • School of Economics and Management, China University of Petroleum (East China), Qingdao, P. R. China

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    Xiaomei Han, Shanshan Liu. (2020). Research on the Path of Reverse Innovation: A Case Study of High-tech Industry Latecomer Firms in China. International Journal of Economics, Finance and Management Sciences, 8(4), 138-145. https://doi.org/10.11648/j.ijefm.20200804.12

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    Xiaomei Han; Shanshan Liu. Research on the Path of Reverse Innovation: A Case Study of High-tech Industry Latecomer Firms in China. Int. J. Econ. Finance Manag. Sci. 2020, 8(4), 138-145. doi: 10.11648/j.ijefm.20200804.12

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    AMA Style

    Xiaomei Han, Shanshan Liu. Research on the Path of Reverse Innovation: A Case Study of High-tech Industry Latecomer Firms in China. Int J Econ Finance Manag Sci. 2020;8(4):138-145. doi: 10.11648/j.ijefm.20200804.12

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  • @article{10.11648/j.ijefm.20200804.12,
      author = {Xiaomei Han and Shanshan Liu},
      title = {Research on the Path of Reverse Innovation: A Case Study of High-tech Industry Latecomer Firms in China},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {8},
      number = {4},
      pages = {138-145},
      doi = {10.11648/j.ijefm.20200804.12},
      url = {https://doi.org/10.11648/j.ijefm.20200804.12},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ijefm.20200804.12},
      abstract = {With the economic slowdown in developed countries and the rise of emerging economies, reverse innovation from developing countries has had a profound impact on the global changes of multinational companies. As a global innovation diffusion model, it plays a vital role in the late stage of company innovation catch-up. Reverse innovation is about to become an important means to international competition, so exploring how to effectively carry out and implement reverse innovation is of great guiding value to the management practice of multinational companies. First of all, this article reviews the relevant literature on reverse innovation and introduces the research status of this topic. Based on this, through a vertical case study of three representative companies in China's high-tech industry (Huawei, Galanz and Mindray), the article explores the innovation and development process of their products from three stages of imitation innovation, independent innovation and leading technology, and summarizes the three companies in reverse innovation success path. Finally, according to the successful experience of the case, the article puts forward suggestions to promote the development of high-tech enterprises from three aspects of expanding emerging markets, improving independent innovation ability and actively using policy resources, providing reference and inspiration for enterprises to improve innovation ability and accelerate internationalization process.},
     year = {2020}
    }
    

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    AU  - Xiaomei Han
    AU  - Shanshan Liu
    Y1  - 2020/07/22
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    PB  - Science Publishing Group
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    AB  - With the economic slowdown in developed countries and the rise of emerging economies, reverse innovation from developing countries has had a profound impact on the global changes of multinational companies. As a global innovation diffusion model, it plays a vital role in the late stage of company innovation catch-up. Reverse innovation is about to become an important means to international competition, so exploring how to effectively carry out and implement reverse innovation is of great guiding value to the management practice of multinational companies. First of all, this article reviews the relevant literature on reverse innovation and introduces the research status of this topic. Based on this, through a vertical case study of three representative companies in China's high-tech industry (Huawei, Galanz and Mindray), the article explores the innovation and development process of their products from three stages of imitation innovation, independent innovation and leading technology, and summarizes the three companies in reverse innovation success path. Finally, according to the successful experience of the case, the article puts forward suggestions to promote the development of high-tech enterprises from three aspects of expanding emerging markets, improving independent innovation ability and actively using policy resources, providing reference and inspiration for enterprises to improve innovation ability and accelerate internationalization process.
    VL  - 8
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