The Study Of The Technology Innovation Model Of LYBF Company

With the advent of the innovative economics which is represented by high-tech, technology innovation has become an important precondition for enterprises to compete in their market and gain the sustainable development. It has very important practical and strategic significance for enterprises to change their innovation models in order to accommodate the specific circumstances of them. In this article, considering the current situations of the technology innovation of LYBF Company, the technology innovation model and the solutions of LYBF Company are studied on the basis of relevant theories by using the comparative methods and systematic methods. Firstly, the characteristics, advantages, and disadvantages of the conception and relevant models of the technology innovations are compared. Secondly, the current technology innovation model of LYBF Company is introduced, the disadvantage of it is analyzed, and the solutions should be the compound technology innovation model of imitative innovation, independent innovation, and base cooperative innovat ion. Finally, the solutions to implement the new model are advanced by a systematic analysis of each department of LYBF Company. The conclusion of this article is that LYBF Company can have its competitive edge by implementing the new technology model according to its established strategy and aim, and changing the implement focus when the business situation changes. Simultaneously, the conclusion will be a reference to the technology innovation to other similar enterprises.