Research On The Impact Of Complementary Assets And Breakthrough Innovations On Firm Performance

In the era of economic globalization,this can be said to be an era bred with endless opportunities and hopes,and it is also an era of fierce competition and brutality.The highly active external environment has also brought about the pressure of change on the development of enterprises.If companies want to maintain a sustainable competitive advantage,breakthrough innovation is one of the paths^[1].Enterprises can make full use of or adapt to changes in external dynamic environment through breakthrough innovation.However,it is very difficult for companies to guarantee the success and profitability of innovation.The characteristics of breakthrough investment with high input and high risks make it necessary for enterprises to make full use of their own resources and make a series of valuable assets related to breakthrough innovation as the strong backing for the success of their breakthrough innovation.Breakthrough innovation is a hot topic in the field of innovation research.The existing research mainly analyzes the breakthrough innovations of enterprises and industries in terms of the content,definition,and mechanism of breakthrough innovation,and the influencing factors of breakthrough innovation.However,because of the high investment and high risk characteristics of breakthrough innovations,the failure rate of breakthrough innovations of enterprises is high,which has limited help to the development and competitiveness of enterprises.The research of complementary assets shows that companies can increase the success rate of innovation by integrating the complementary assets related to innovation,thereby enhancing the competitiveness of enterprises.This article explores the relationship between corporate resources and breakthrough innovation and its role in the perspective of complementary assets,and the impact of complementary assets and breakthrough innovations on corporate performance.On the one hand,it is an effective extension and supplement of the research field.On the other hand,this study not only expects the company to improve its competitive advantage at the micro-tactical level.It is also expected to provide a macro strategic perspective for corporate complementary asset management,breakthrough innovation management,and competitiveness management.This article collected 257 data of innovative companies in manufacturing through interviews,questionnaires,etc.The results of the study indicate that corporate complementary assets have a significant positive impact on the improvement of corporate performance,and that both market complementary assets and manufacturing complementary assets have a significant positive impact on corporate performance.In addition,the impact of complementary assets（manufactured complementary assets,market complementary assets）on corporate performance can be achieved through breakthrough innovation as a mediator variable.Specifically,manufacturing complementary assets and market complementarity support both have a significant positive impact on corporate performance,and can also positively influence corporate performance by positively impacting breakthrough innovations.Environmental dynamics plays a positive regulatory role in the relationship between breakthrough innovation and corporate performance.That is,the higher the company’s dynamic environment,the more positive the positive impact of breakthrough innovation on corporate performance.