Abstract
The race between China, the USA, and the EU will be decided by strategic innovations and not by business models. Due to the rise of China and other non-Western countries, it is necessary to increase the scope of renewal beyond the micro-level of business models. The several Chinese and Western cases presented in this chapter reveal totally different approaches and interpretations of strategic innovation. The issues connected to leadership, institutional innovation, business development, and new forms of governance determine the future of the world economy. In the comparison between the practical appliance of the strategic innovation in the West and China, it will appear that only those leaders who understand the fundamentals are able to prepare their organizations for the future. These fundamentals are changing the way of working in both the West and China. All have to adapt to a new emerging business world in which strengths and weaknesses create huge challenges for China, the USA, and the EU. Now it is the time for real global business leaders understanding each other’s world.
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Notes
- 1.
Communiqué van Luik, Province of Limburg, 3 November 2008.
- 2.
Los Angeles Times, 25.01.11, GM’s China sales top U.S. total, a first for the automaker; China Daily, 09.05.11, Time for GM to shift in top gear (FAZ 18.10.11 “Wir bleiben die Nummer eins”; FT 02.08.11: China demand boosts profits at BMW).
- 3.
Siemens Press release, 280611, Siemens to expand market share in emerging markets.
- 4.
China Daily, 18.10.11, Siemens to build Chengdu plant, R&D base.
- 5.
FD, 30.09.2011, DSM optimistisch over 2011; NRC 23.02.11 DSM na transformatie klaar voor nieuwe groei.
- 6.
Gazet van Antwerpen, 15.02.11.
- 7.
Business China, 12.07.11.
- 8.
FD, 21.10.11, Nestlé weet met innovaties wel te groeien in Europa.
- 9.
China Daily, 30.03.09, Multinationals battling locals for market share.
- 10.
The Economist, 10.03.2011, Entrepreneurship in China.
- 11.
China Daily, 29.10.11, ZTE eyes 80 % sales from overseas.
- 12.
History is based on http://www.gurufocus.com 13.07.10, Financial Times interview http://www.rationalwalk.com 11.05.09, http://www.ce.cn 25.11.10, http://www.chinaautoreview.com.
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van Someren, T.C.R., van Someren-Wang, S. (2013). Strategic Innovation in Practice. In: Innovative China. Management for Professionals. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-36237-8_5
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