Technology Innovation and Global Competition-evidence from Global 500 Strong Construction Enterprise

Abstract

Technology innovation plays a key role in strengthening the competitiveness of the enterprises. It is a good method for the company to win the market within background of global economy and fierce competition. Based on the literature review of the enterprise innovation and technology development status, choosing the construction enterprise listed in top 500 companies of 2015 as an example, this paper firstly analyzed the enterprises’ basic ranking status and overall competitiveness. From the perspective of technology innovation management, then explored the differences among the construction enterprises from five aspects of technology innovation: (1) R and D human resources, (2) capital investment, (3) organization management, (4) incentives mechanism, and (5) innovation cooperative mechanism. The comparison between Chinese construction companies and international construction companies are presented as well with the root cause analysis of the difference on innovation management. Research found that Chinese construction enterprises are dominated the global leading position, but the technology innovation management mode and internationality is not strong. Finally, the paper put forward corresponding countermeasures and suggestions on how to improve the innovation performance for Chinese construction enterprises. It pointed out that the Chinese construction enterprises should strengthen technological innovation management, establish a professional technological innovation system and incentives mechanism to maintain international competitiveness and achieve sustainable development goals.