China is trying to turn its labor, capital and resources intensive, lower added-value and export dependent growth into a sustainable innovative economy. This is changing the world's power balance and has sparked a race between East and West in knowledge-based, high added-value economic innovation. Inspired by their extensive experience in doing business with China, the authors show how the US, the EU and China have reached a crossroad where ten battle fields decide about their future earning capacity and prosperity. Whether China will be a threat or an opportunity depends on the main players in government, public and private organizations rethinking their innovation policies and paths of business development. This books offers a new view on innovation which can be applied by corporate leaders and policy makers to get ready for the future.
Intriguing ideas for dealing with Innovative China for managers, politicians and academics
Foreword.- 1 Reshuffling the world.- 2 Chinese Culture, Strategy and Innovation.- 3 Innovation Policies in China, US and EU.- 4 Demystifying Strategic Innovation.- 5 Strategic Innovation in Practice.- 6 How to Win the Battle on Innovation?.
This book shows how the US, the EU and China have reached a decisive crossroads, at which a small number of competitive markets which will decide future earning capacity and prosperity. Offers a new, ready-to-apply view of innovation.