The Influence Of Innovation Speed On Sustainable Development

In the current process of economic transformation in China,enterprises urgently need to use rapid innovation to break through the efficiency dilemma and the Internet of everything in the digital intelligence environment to achieve sustainable development.The improvement of innovation speed enriches the process of enterprise value creation,but it also brings opportunities and challenges for the sustainable development of enterprise business value and social value.Most of the existing studies focus on the opportunities brought by the improvement of innovation speed to the total amount of higher value captured by enterprises but ignore the "acceleration trap" caused by the relative imbalance between social value and commercial value caused by rapid innovation,and ignore the challenges posed by the improvement of innovation speed to the optimization of the value creation structure of enterprises’ sustainable development.Therefore,based on the process of value creation,this study integrated the active and passive response strategies of innovation speed to the value output of different dimensions of enterprises,and discussed the influence of innovation speed on the sustainable development of enterprises,as well as the different effects of the application of enterprise digital intelligence technology,to provide theoretical support for the value creation and capture in the sustainable development of enterprises.This study focuses on the core issue of "How innovation speed affects enterprise sustainable development",based on enterprise innovation theory,introduces the "value creation process model" into the logical main line of "innovation speed--enterprise sustainable development",and explores deeply under the boundary conditions of digital intelligence technology.How does the improvement of innovation speed play a role in alleviating the contradiction between the total amount of value capture and the value creation structure of enterprises’ commercial value and social value,to facilitate the internal mechanism of sustainable development of enterprises?The main research contents are(1)the value creation process of different dimensions;(2)The impact of innovation speed on the value creation and capture of different dimensions;(3)In terms of the regulatory effect of digital intelligence.Based on this,taking data from listed companies in Shanghai and Shenzhen A-share from 2015 to 2021 as the research focus,using Spss 26.0,Amos 24.0,Python,and other data analysis tools,a multiple regression analysis approach was adopted to verify the theoretical content of the research.The key research findings include:(1)Innovation speed is positively correlated with the total value capture of sustainable development,and negatively correlated with the value creation structure of sustainable development.In terms of the process of value creation,the rapid iteration of technological solutions and the expansion of value creation behavior space in the process of increasing the innovation speed of enterprises have brought the overall improvement of sustainable commercial value and social value,and thus positively affect the total value capture for sustainable development of enterprises.However,in this process,the resources and capabilities of the enterprise inevitably incline to the commercial value that can bring short-term huge profits,which leads to the relative neglect of the enterprise’s social value,that is,the acceleration of innovation speed leads to the relative imbalance between the composition of social value and commercial value,and then has a negative impact on the optimization of the value creation structure of the sustainable development of the enterprise.(2)Digital intelligence technology positively regulates the positive correlation between the innovation speed and the increase of the total value capture of enterprises’ sustainable development.The influence of innovation speed on the total value capture of enterprises’sustainable development is reflected in the strategic choice of enterprises’ active response to environmental demands.The combination of innovation speed and digital intelligence technology expands the selection set of enterprises’ value creation schemes.With its almost unlimited decision-making ability,digital intelligence technology improves the accessibility and availability of resources and capabilities,expands the choice space of enterprise value creation schemes,and greatly promotes enterprises to generate more sustainable economic and social benefits in fast-paced innovation.Furthermore,it plays a positive moderating role in the relationship between the innovation speed and the increase of the total value capture of enterprises’ sustainable development.(3)Digital intelligence technology negatively regulates the negative correlation between innovation speed and the optimization of value creation structure of sustainable development of enterprises.The influence of innovation speed on the value creation structure of enterprises’sustainable development is reflected in the strategy choice of enterprises’ passive response to environmental demands.The combined effect of innovation speed and digital intelligence technology provides an important means to alleviate the two kinds of value deviation.With its ultra-high-dimensional characteristics and intelligent value creation scheme,digital intelligence technology makes enterprises take it as their duty to coordinate various stakeholders and the multi-party relationship between enterprise commercial value and social value under the consideration of social or long-term interests,which greatly weakens the relative imbalance between social value and commercial value brought by rapid innovation of enterprises.Furthermore,it plays a negative regulating role in the relationship between innovation speed and the optimization of value creation structure of sustainable development of enterprises.This paper reveals the two-dimensional path of the total amount of value capture and the structure of value creation that the innovation speed affects the sustainable development of enterprises and highlights the joint effect of rapid innovation and digital intelligence technology on the value output of enterprises in different dimensions in the process of value creation.This paper provides a theoretical basis for enterprises to regard the improvement of innovation speed as a strategic decision to respond to the sustainable development needs of enterprises under the rapid progress of digital intelligence technology,and also provides effective theoretical support for enterprises with different levels of digital intelligence technology to create value under the situation of digital intelligence,and provides practical guiding significance for the sustainable development of enterprises.