Innovation and Business Success

Innovation and Business Success: The role of Innovation and Its Relation with Stabilized Control Management

Liu Qingyang

3011832

Contents

1. Introduction……………………………………………………… …1

2. Innovation is the key competitive power for long term development ..1

3. The model of innovation and stabilized operation: three categories….3

4. Conclusion…………………………………………………………….7

1. Introduction

Innovation is an enterprise’s most sharp and powerful advantage in competition. In open market environment, competition is becoming fiercer and fiercer; hence, a company without innovation would be eventually obsolete by market and changes. Only through more flexible innovation to face changes in market can an enterprise go ahead in an avenue to success. In long term operation, an enterprise requires the combination of both innovation and stabilized control force. This is the very core competitiveness of a business. For an enterprise, whether isolated innovation or pure stabilized operation is a catastrophe. Because the innovation which lacks of stabilized operation is risky even blindfold, while the pure stabilized operation which lacks of innovation is conservative and stagnant.

2. Innovation is the key competitive power

According to statistics analysis, among the largest companies in the beginning of the 21st Century, until now, only 3% of them are still in the list of world top 500 (Hongchun, 2007). Many big companies experience radically rises and falls. No doubt that there are unchangeable objective environmental reasons, however, it is cannot denied that the subjective managerial reasons also take a heavy part.

High technology, high speed and global competition build up the modern labyrinth external company environment. In this maze the speed and complexity of changing increase geometrically. For company, the predictable time is cutting short and this makes it harder for business leaders to plan the company developing tendency. Microsoft for example, its strategic...