Development of the organizational resources towards innovation strategy and innovation value: Empirical study

Abstract

In face of currently economic globalization and rapid development of knowledge, the competition in high-tech industry has developed from regionally to globally. The fierce competition has the technology and knowledge of high-tech industry no longer the exclusive advantages. A high-tech business has to constantly innovate and establish unique resources and pursue better business performance in the business activity to remain the competitive advantages. When drafting and executing innovation strategy, a high-tech business should first measure the internal/ external environment and business objectives and consider the organizational resources to propose proper coping strategy. Aiming at employees of high-tech industry in Fujian Province, 380 copies of questionnaire are randomly distributed, and 241 valid copies are retrieved, with the retrieval rate 63%. The retrieved questionnaire data are analyzed with statistics software. The results show notably positive correlations between 1.organizational resources and innovation strategy, 2.innovation strategy and innovation value, and 3.organizational resources and innovation value. According to the results, the proposed suggestions are expected to provide reference for high-tech businesses adjusting the organizational resources to match the innovation strategy so as to assist in the business management.