A Study On Growth And Innovation Of Hi-tech Firms

Hi-tech firms were almost established under the background of"four-none": without government's supports, without capitals, without technologies and without markets. They succeeded or were defeated through some years'development. Some of them also had completed the first and the second deploitation and became industrial distinguished firms in the world. Huawei Technologies Co., Ltd. is such a successful company of them. This dissertation tries to find out and summarize the true reasons of Huawei success by analyzing Huawei's case, consequently study what's the powerful resources of the rapid growth for hi-tech firms.Theories on firms include the theory of contract of the firm, the theory of the industrial structure and the competence theory of the firm. The author reviews and analyzes above theories then brings up"the basic growth model of hi-tech firms"and considers"the innovation is the engines of hi-tech firms". This dissertation also reviews the theories of knowledge innovation and knowledge management (KM) and brings forward"the basic value chain model based knowledge management". This dissertation uses these models to make a primary analysis on company strategies, system, cultures, organization structures, human resources, technologies, marketing, brands and globalization of Huawei, it reaches conclusion that full-scale knowledge innovations bring the rapid growth of Huawei. This conclusion will be sequentially proved by other hi-tech firms, it also deserves to be thought and used for reference by other hi-tech firms in China.