China's Future R&D and Innovation

Global Benefits of Chinese Innovation•China will become more important as a SOURCE of technology•China today = Korea in 1980s = Japan in 1968• China = 10 x Japan!• Bigger markets, more scientists, more engineers, more entrepreneurs: Bigger ambitions?•In China innovation resembles more and more what we see in the West• Rapid rise of R&D investments, R&D ratios, patents, etc.• Chinese firms become R&D powerhouses: regionally and globally• Strategy of successful emerging market firms change: From fast follower to leader!•Implications• What are unique Chinese sources of competitive advantage for innovation?• How can we (foreigners in China AND the Chinese themselves) use and develop them?• How can we (globally) best leverage China? How to leverage Chinese innovators?Innovation in China – 29 Oct 2011 | © 2011 Max von Zedtwitz / max@post.harvard.edu | 33