How can Chinese manufacturing innovation in the new digital era?

How can Chinese manufacturing innovation in the new digital era?

Innovation has become a vocabulary that attracts much attention. Of course, more attention is paid to the innovative power behind this vocabulary. For a country, there is no development without innovation.

The traditional methods of industrial production have turned upside down with the digital revolution. Old-fashioned “Made in China” has also become history, and innovation and transformation are imminent. Does China's current ability to innovate meet the requirements of high-level "China-made wisdom?" In the future, in the field of innovation, what breakthrough will China have? Let's look at GE's latest "Global Innovation Trend" to interpret China's innovation today and tomorrow.

Chinese innovation, ranking geometry?

If you have an impression of China, you will still be stuck in the traditional labor-intensive “world factory” and the “shangazhai great country,” which is hard to use, and it will be too OUT. According to the 2016 “Wind of Innovation” of GE, China has become one of the four most innovative countries in the world, second only to the United States, Japan, and Germany.

In the report, we can see that China has a good environment for innovation, and the Chinese public also holds a very optimistic attitude towards the innovation trend of their country:

Up to 93% of the Chinese surveyed public think that innovation is one of the country’s most important development strategies, far ahead of other countries.

Chinese respondents generally stated that in the past five years, all aspects of life have felt the positive impact of the wave of Chinese innovation on their lives.

The Chinese people generally believe that innovation will have a positive impact on the job market. Innovations related to environmental protection and sustainable development are particularly highly valued.

At the same time, entrepreneurs are enthusiastic about innovative businesses, and more and more companies are realizing that the “co-innovation” model is becoming a new engine for business growth. Up to 89% of Chinese companies have stated that collaborative innovation has brought them investment. Return. What breakthrough does "Subversive Innovation" make?

According to a survey conducted by GE's "Global Innovation Vane", "Subversive Innovation" is the biggest feature of Chinese-style innovation. This means that Chinese entrepreneurs are more open and bold about innovation, and China's overall innovation environment is at the leading level globally. .

What is "subversive innovation"?

For Chinese respondents, innovation represents “subversion, progress, and creation”, and 42% of respondents stated that innovation must “beyond the norm” and 55% of respondents believe that innovation means “opening a new trend”. .

"Subversion" is one of the biggest features of Chinese-style innovation. The survey shows that Chinese entrepreneurs are more willing to break through their own innovation and subvert the existing business model. 80% of Chinese entrepreneurs have developed a clear strategy for innovation for their company (68% above the global average). Compared to sticking to its existing business model, 57% of Chinese corporate executives are more willing to transform themselves through business model innovation and open up new revenue channels.

In fact, over the past few years, Chinese companies have surpassed the global average in the number of innovative product releases, changes in business models, and development of new business models. A large number of creative products have completely changed the existing market environment. The idea of ​​disruptive innovation has begun to bring direct economic benefits to Chinese entrepreneurs.

To achieve Chinese-style innovation, we also need government support.

Although entrepreneurs are full of anticipation for disruptive innovation, the future of Chinese innovation still requires stronger government support. Compared with other countries, the Chinese government has assumed a more important role in the construction of an innovative environment. 69% of Chinese entrepreneurs believe that government incentives are the main driver of innovation success. All interviewed publics have expressed the hope that the government can adopt a more integrated innovation strategy, participate more in the construction of an innovation culture, and gradually establish and maintain the status of a Chinese innovation leader.

Creative talent

At the same time, talent will become a key element in achieving breakthrough innovation. 58% of entrepreneurs believe that the lack of innovative talents and related skills is one of the obstacles to effective innovation.

What is the most needed talent for future innovation? Respondents generally believe that the future talents in the era of innovation should have the ability to independently solve problems, think creatively, and take risks in entrepreneurial spirit. Compared with conservative "executives," bold "problem solvers" and "entrepreneurs" are more popular with Chinese entrepreneurs.

The world economy is changing rapidly and the rapid development of science and technology has brought a lot of challenges. Since 2016, the challenges China faces will be even more severe. And China's subversive innovation genes that dare to break through and embrace innovation will undoubtedly help China overcome many tests and help realize "Made in China 2025" at an early date, and further expand its horizon in the international market in the future. (Source: General Electric)

How can Chinese manufacturing innovation in the new digital era?