Assets Of The Enterprise Technology Innovation Strategic Research

The enterprise is the vehicle of technical innovation and is essential to achieving economic growth. The core capability of the enterprise is the enterprise's technical ability to achieve long term competitive advantage. The level of technical ability determines the enterprise's technical innovation. The enterprise's capital investment strategy directly affects the core technical ability of the enterprise. The broad definition of capital includes not only tangible physical capital investment but also human capital investment and investment in the organizational functions and other intangible capital investments. Investment in both these types of capital is necessary for the for technical innovation and the innovation of know how. At the same time, innovation increases the capital value of the enterprise and promotes the development of enterprise.In today's increasingly competitive environment, if China's enterprise are to survive and develop they must understand their technical abilities, manage these core technical abilities, and determine sustainable capital investment strategies for technical innovation. The paper focuses on the research of the enterprise as the vehicle of capital investment strategies for technical innovation. The paper is not intended to be purely devoted to research into the innovation of capital, or the research on how intangible capital investment limits technical innovation.Part 1 of the thesis discuss the concept and function of technical innovation from both a theoretical point of view and a practical point of view.Part 2 analyses the economic performance of China's enterprises and the barriers to technical innovation caused by the lack of capital investment.Part 3 discusses the role of research and development in promoting technical innovation.Part 4 discusses the role of investment in organizational functions and human capital in promoting technical innovation.Part 5 analyses the current state of technical innovation in Chine.Part 6 discusses how to establish a venture capital market capable of promoting technical innovation in Chine.The final part discusses how the Chinese government should determine policies in relation to capital investment.The paper's principal contributions to capital investment strategy research are:I .puts forward the macro economic factors affecting technical innovation and the internal factors inside the enterprise which restrict technical innovation and establishes a capital investment strategy model based on broad definition of capital.2.Puts forward a model which explains the relationship between an enterprise's technical innovation and core competitive strength. The paper incorporates human capital and investment in organizational functions in capital investment strategy for technical innovation.3.Argues that venture capital is a appropriate mechanism for promoting technical innovation, and that venture capital markets should be developed.