Abstract
Purpose: The high-speed growth of China's large-scale new economy indicates that innovation has become the most important economic growth pole. The study aims to explore the structure of the path to innovation, in which we focus on the mediating effect of organizational character.Design/methodology/approach: Considering the indigenous context of China's new economy, the study divides innovation into two types: technological innovation and business model innovation. Then, we build a path model to achieve the innovation by taking intellectual capital and organizational character as antecedents. Finally, a structural equation model is built to measure the path on the basis of sample data collected via a questionnaire survey.Findings: The results indicate that intellectual capital has a significant positive direct effect on technological innovation, but its direct effect on business model innovation is not significant. Organizational character not only mediates the relationship between the intellectual capital and technological innovation, but also plays a mediating role in the effect path from the intellectual capital to business model innovation. In addition, technological innovation has a positive impact on the business model innovation, and mediates the relationship between the intellectual capital and business model innovation.Originality/value: The study takes intellectual capital and organizational character as the common antecedents of innovation and breaks down the content of innovation research into technological innovation and business model innovation. Thus, it establishes a new theoretical analysis framework for dual innovation research and enriches the related theories. The framework would have stronger explanatory power for revealing the innovation strategy and behavior carried out by a large number of corporate organizations in China and the boom of new economy. Furthermore, it would lead enterprises to organize innovation activities more effectively and improve their innovation performances.
Highlights
At present, China is experiencing an unprecedented high-speed development
In addition to the above two paths, what kinds of relationship exist among intellectual capital, organizational character, and technological innovation as well as business model innovation? First, according to the practical observations, we find that the organizations of which the business model innovations lack core technical support but only be differentiated for differentiation cannot survive long in market competition
Based on a survey with 214 respondent questionnaires from Chinese corporate employees, this study explores the relationships among intellectual capital, organizational character, technological innovation, and business model innovation
Summary
China is experiencing an unprecedented high-speed development. The force formed by the wide utilization of internet in e-commerce and the increasingly raised high-tech enterprises is driving the vigorous development of China’s new economy. Due to the technological innovation, technological breakthroughs and industrial upgrading have enabled many large enterprises in China to establish their core competencies based on high technology, such as, Huawei (Lee et al, 2016). Due to the business model innovation, the reform of corporate profit model and the reshaping of industrial value chain have enabled many small and medium-sized enterprises in China, for example Didi, to gain temporary competitive advantage relying on the differentiation strategy in marketing. The exploration of the path to innovation in Chinese corporate organizations has important theoretical value and is of great significance to the innovative development of corporate organizations
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