Combination of the technological innovation and innovation of the business model

Abstract

The main part of the industrial innovation is the firms. Firms are also the powerful source of the innovative impetus. The combination of technological innovation and innovation of the business model is an effective way to help firms improve competitiveness and the realization mechanism of the industrial innovation. Now with the increasingly market competition, the simple pursuit of technological innovation or business model innovation has been unable to make enterprises to maintain long-term competitive advantage. Only combine the technical innovation and the business model innovation to form a complete value chain can help the enterprises to be invincible. This article analyzes the mechanism of the combination of technological innovation and business model innovation. The article presents the problems of the combination of technological innovation and business model innovation in current China and puts forward corresponding countermeasures and suggestions for the combination.