A Study On Technical Innovation Pathway Of Yatong Heavy Equipments Co., Ltd

For the passing35years of reforming and opening up to the world, Small and mediumenterprises (SME) have been developing fast in China, also the scale of SMEs has been gettingrather larger and its number has been up to99%of total number of all enterprises in thecountry. Innovation is the soul of development and the power to survive for all SMEs. Theresearch on development status and innovation approaches of privately run SMEs can show usthe environment they are in, the issues they are having, and can help us find proper approachesfor their technical innovation.On the basis of “Technical Innovation” theory, this article summarized general technicalinnovation approaches used by both domestic and foreign SMEs. The article also reviewscurrent status and general methods of domestic SME’s technical innovation by combiningliteratures research, on-the-spot study, comparison research, theory research and exampleresearch, and by analyzing real situation and experiences of promoting SME technicalinnovation in developed countries. Taking Yatong Heavy Equipments Co., Ltd as a researchexample, by analyzing and researching its marketing competition and its current innovationstatus, this article seeks problems and difficulties that privately run SMEs are having intechnical innovation and the reason which causing these problems and difficulties. We usedSWOT analysis method to explore the reasons which influence the enterprise’s technicalinnovation and found a new approach for this company’s technical innovation. To ensure theefficiency of this new technical innovation approach, we listed the environment requirementsand improved inner and outside environment according to the new requirements. The newapproach has had some initial effects.The general approaches summarized in this article can provide some references fortechnical innovations of privately run SMEs. By analyzing current approaches, we have foundthe existing issues and their reasons and have designed new technical innovation programs.The new technical innovation method of improving environment and to prove its effectivenessin practice also offered a good reference and experience for other SME’s technical innovation.