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Fearless innovation the key to hope for the business world
By Victoria Fei |
June 27, 2009, Saturday
|
Print Edition
Print Edition
INNOVATION works like an engine driving social progress. In the face of challenges such as the global economic downturn, energy-saving and environmental protection, innovation is a must for the growth of a man, an enterprise, a city, a nation and the world.
With innovation as a highlight, an award ceremony for the China Innovation List was held in Yangpu District recently. Business leaders from the top 20 enterprises on the list shared ideas on innovation with each other.
The list was drawn up by the Founder, a business magazine, and Booz & Company, a global consulting firm, after conducting research and assessments on more than 2,700 listed Chinese companies, each with market capitalization of more than US$200 million.
Rather than putting the emphasis on a certain product, technology or business mode, the list focuses on the changes that innovation brings to an enterprise's sales, profit and impact, as well as on the significance to the whole industry and business organization.
Niu Wenwen, head of the Founder, said each crisis can become an opportunity for great innovation and the top 20 innovative enterprises achieved their significant innovative aims in product development, technology or business mode.
"It is the winter for the economy. However the ice is melting," Niu said. "Value brought by innovation not only belongs to an enterprise, an industry, but also belongs to society. Innovation is something that can guide us out of the mists of economic downturn."
The BYD Co Ltd ranked top of the list, followed by the Xinjiang Goldwind Science and Technology Co Ltd and Alibaba.com Ltd.
The ceremony was actually a part of "Innovative Future China Tour," a campaign co-organized by the Founder, enterprises, academics, investment circle and city and provincial governments.
Featuring forums, lectures and business negotiations, the campaign runs for a whole year in different places.
It aims at sharing experiences of innovation at key cities in China, providing funds, experience, methods and resources for innovative enterprises growing rapidly, inspiring entrepreneurs and giving them support. Before the Yangpu stop, the tour visited Shenzhen, Guangdong Province.
The forum in Yangpu District is themed "New Blueprint after Economic Crisis." Politicians, entrepreneurs and scholars gathered in the district, talking about issues involving technology transformation, rebuilding business modes, the construction of innovative environments, innovative cities and innovative countries.
As one of the places that has witnessed China's century-old industrial history and modern civilization, Yangpu will be a new site for the future development of Shanghai.
With the strategy of "Knowledge-based Yangpu," the district government has worked out an innovative development concept highlighted by the construction of three prime areas: university campuses, high-tech parks and public communities.
Knowledge-based
According to the concept, the university campuses will provide intellectual support to the high-tech parks. The high-tech parks will lead the campuses and the communities in development. The communities will provide public services for the park and the campus.
After a six-year effort, the concept has gradually taken shape in the district. A batch of enterprises in high-tech and creative industries has settled down here, driving Yangpu's future development.
Chen Anjie, Party secretary of Yangpu District, told the forum that the district is a place where innovative talents and leaders with courage and strength can release their passion and energy.
"The district boasts a long history, a strong academic atmosphere and resourceful talents," Chen said. "Shifting from traditional industry to a knowledge-based district, it is becoming one of the most important innovative bases in Shanghai."
Xu Liangheng, board chairman of TechSun Co Ltd which is based in Fudan Science Park, has a deep association with Yangpu District.
The Wenzhou City native graduated from Fudan University in 1990 with a master's degree. Having worked at science and research departments, and as a public servant and an entrepreneur, his experience proves that innovation could bring a great change.
"Yangpu is a place for dreamers and a cradle for entrepreneurs," Xu said. "Entrepreneurs should always walk ahead of the mass, bringing courage and faith to face any challenge."
Xu gave some advice to today's entrepreneurs.
Entrepreneurs should think about macro issues, rather than studying how much they have earned today.
Issues such as whether countries such as China and United States will form a new economic structure after the economic crisis, how this could be structured and how enterprises can get out of the difficulty should be considered. As well, both the enterprises and their owners should adopt a new mode to adapt to changes.
"Former experiences can be the most unreliable thing in an age of great changes," Xu said. "We'd better not apply the success of 10 years ago to today's case. We need to be creative."
Taking crisis management capability as the ultimate level of the spirit of entrepreneur, Xu said to succeed, enterprises must be prepared to go through difficulties like the economic crisis.
With the conclusion of the Yangpu stop of the "Innovative Future China Tour," the event will visit cities like Changsha (Hunan Province), Wuxi (Jiangsu Province) and Yulin (Guangxi Zhuang Autonomous Region).
The power of innovation will bring enterprises and the business world hope and confidence for sales growth and long-term benefit.
With innovation as a highlight, an award ceremony for the China Innovation List was held in Yangpu District recently. Business leaders from the top 20 enterprises on the list shared ideas on innovation with each other.
The list was drawn up by the Founder, a business magazine, and Booz & Company, a global consulting firm, after conducting research and assessments on more than 2,700 listed Chinese companies, each with market capitalization of more than US$200 million.
Rather than putting the emphasis on a certain product, technology or business mode, the list focuses on the changes that innovation brings to an enterprise's sales, profit and impact, as well as on the significance to the whole industry and business organization.
Niu Wenwen, head of the Founder, said each crisis can become an opportunity for great innovation and the top 20 innovative enterprises achieved their significant innovative aims in product development, technology or business mode.
"It is the winter for the economy. However the ice is melting," Niu said. "Value brought by innovation not only belongs to an enterprise, an industry, but also belongs to society. Innovation is something that can guide us out of the mists of economic downturn."
The BYD Co Ltd ranked top of the list, followed by the Xinjiang Goldwind Science and Technology Co Ltd and Alibaba.com Ltd.
The ceremony was actually a part of "Innovative Future China Tour," a campaign co-organized by the Founder, enterprises, academics, investment circle and city and provincial governments.
Featuring forums, lectures and business negotiations, the campaign runs for a whole year in different places.
It aims at sharing experiences of innovation at key cities in China, providing funds, experience, methods and resources for innovative enterprises growing rapidly, inspiring entrepreneurs and giving them support. Before the Yangpu stop, the tour visited Shenzhen, Guangdong Province.
The forum in Yangpu District is themed "New Blueprint after Economic Crisis." Politicians, entrepreneurs and scholars gathered in the district, talking about issues involving technology transformation, rebuilding business modes, the construction of innovative environments, innovative cities and innovative countries.
As one of the places that has witnessed China's century-old industrial history and modern civilization, Yangpu will be a new site for the future development of Shanghai.
With the strategy of "Knowledge-based Yangpu," the district government has worked out an innovative development concept highlighted by the construction of three prime areas: university campuses, high-tech parks and public communities.
Knowledge-based
According to the concept, the university campuses will provide intellectual support to the high-tech parks. The high-tech parks will lead the campuses and the communities in development. The communities will provide public services for the park and the campus.
After a six-year effort, the concept has gradually taken shape in the district. A batch of enterprises in high-tech and creative industries has settled down here, driving Yangpu's future development.
Chen Anjie, Party secretary of Yangpu District, told the forum that the district is a place where innovative talents and leaders with courage and strength can release their passion and energy.
"The district boasts a long history, a strong academic atmosphere and resourceful talents," Chen said. "Shifting from traditional industry to a knowledge-based district, it is becoming one of the most important innovative bases in Shanghai."
Xu Liangheng, board chairman of TechSun Co Ltd which is based in Fudan Science Park, has a deep association with Yangpu District.
The Wenzhou City native graduated from Fudan University in 1990 with a master's degree. Having worked at science and research departments, and as a public servant and an entrepreneur, his experience proves that innovation could bring a great change.
"Yangpu is a place for dreamers and a cradle for entrepreneurs," Xu said. "Entrepreneurs should always walk ahead of the mass, bringing courage and faith to face any challenge."
Xu gave some advice to today's entrepreneurs.
Entrepreneurs should think about macro issues, rather than studying how much they have earned today.
Issues such as whether countries such as China and United States will form a new economic structure after the economic crisis, how this could be structured and how enterprises can get out of the difficulty should be considered. As well, both the enterprises and their owners should adopt a new mode to adapt to changes.
"Former experiences can be the most unreliable thing in an age of great changes," Xu said. "We'd better not apply the success of 10 years ago to today's case. We need to be creative."
Taking crisis management capability as the ultimate level of the spirit of entrepreneur, Xu said to succeed, enterprises must be prepared to go through difficulties like the economic crisis.
With the conclusion of the Yangpu stop of the "Innovative Future China Tour," the event will visit cities like Changsha (Hunan Province), Wuxi (Jiangsu Province) and Yulin (Guangxi Zhuang Autonomous Region).
The power of innovation will bring enterprises and the business world hope and confidence for sales growth and long-term benefit.
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