Strategic Emerging Industry Innovation Studies Based On New Ventures And Incumbent Firms

After the outbreak of the financial crisis in 2008, with the development of economy, development of new technologies and the development of emerging industries become the world’s inevitable choice in response to the financial crisis and the downward trend in the economy.Strategic emerging industries emerged at this moment, and it has become the inexhaustible power to lead the economic and social development and an important starting point to seize the commanding heights of economy and technology in the future. With the acceleration of the process of global economic integration and the arrival of the information age, the competition between enterprises is more intense, and the competitive advantage is somewhat cloudy. Which ones are more likely to be successful?those new enterprises belong to strategic emerging industry since their establishment can keep lasting innovation vitality or those traditional enterprises by transforming into the strategic emerging industries.The main contents of this paper are:innovation ability of each enterprise data obtained by the data analysis of current domestic economic impact of relatively large enterprises. Through the comparison of the data we can conclude that, new enterprise innovation ability of strategic emerging industries is higher than the existing enterprises.According to the meaning of the index innovation ability can be divided into three categories including ability of innovation investment, research and development and market effect.Innovation investment ability is more effective than research and development ability and market effect ability in enhancing the innovation capability of enterprises for the strategic emerging industries.The research and development ability and market effects also play a very important role.According the analysis of influencing factors of enterprise innovation ability, conclusion of the study shows that:The effect of firm size on the ability of innovation is not significant, type of enterprise, capital structure and enterprise innovation ability has significant negative correlation.Enhancing the rate of return on net assets and locational factors on innovation ability of new enterprises is of great significance.The answer of "Which ones are more likely to be successful ?those new enterprises belong to strategic emerging industry since their establishment can keep lasting innovation vitality or those traditional enterprises by transforming into the strategic emerging industries."is favorable for enriching and developing the theory of Innovation theory. And this proposition is helpful to guide enterprises to seize the opportunity to avoid the dilemma. Besides, this proposition is conducive to government financial support of new ventures. Through the analysis of a series of factors affecting enterprise innovation ability, put forward specific measures to enhance the innovation ability of the enterprises.