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2022

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06

Meaningful Innovation: Decision Framework, Cognitive Basis and Catch-up Path


Abstract:Under the background of China's innovation-driven development strategy, exploring the enterprise innovation path of systematic catch-up has become an important issue in building a scientific and technological power, and the enterprise innovation strategy based on "meaning" has begun to gain attention. Under the meaningful innovation paradigm, the study focuses on the decision-making framework, cognitive basis and catch-up path of enterprise innovation strategy: constructing the meaning-based enterprise decision-making framework and systematically discussing the characteristics and significance of each spatial field in the framework; it is emphasized that the cognition and decision-making framework with meaning as the core is conducive to the overall improvement of the sustainable competitive advantage of innovative enterprises and the realization of systematic transcendence based on paradigm transition.

 

Key words:meaningful innovation; meaning-oriented innovation; innovation decision-making; innovation cognition; innovation catch-up

 

Abstract: Under the background of China's innovation-driven development strategy, exploring the path of enterprise innovation to systematically catch up and overtake has become an important topic for building a scientific and technological power. And the "meaning" based enterprise innovation strategy has begun to gain attention. Under the meaningful innovation(MI) paradigm, the study focuses on the decision-making framework, cognitive basis, and catch-up path of innovation strategy. This study constructs the meaning-based decision-making framework and systematically discusses the characteristics and significance of each spatial field in the framework. The research explores the cognitive basis of meaning management with value rationality as the core, propose systematic use of "Holistic thinking", "Anti-field thinking", "Reflective thinking" and "Enlightenment thinking" is the key for enterprises to discover and manage the significance of innovation. In addition, this study emphasizes that the meaning-centered cognitive and decision-making framework is conducive to the overall improvement of firm's sustainable competitive advantage and the realization of systematic transcendence based on paradigm transition. In the new era, the transformation of enterprise innovation paradigm from "scale and efficiency" to "value and significance" is an important indicator of economic and social development. Meaningful innovation(MI), as a new paradigm that emphasizes the "return" of humanistic spirit and philosophical thinking in enterprise innovation activities, has begun to rise and gain important attention in the field of innovation management. Under the framework of meaningful innovation, innovation can be defined as a dynamic process in which an enterprise comprehensively expresses its internal and external meanings by coordinating and reorganizing various elements, and it is the recognition and transformation of the innovation subject to economic value, social value, strategic value, and future value. Meaningful innovation(MI) stressed that the enterprise attention to innovative active will contribute to the shaping of sustainable competitive advantage, help to its free from the bondage of focus on short-term interests, to focus on long-term benefits and the external social welfare, the realization of social progress and human development significance of great innovation practice. From this perspective, meaningful innovation is an important theoretical paradigm and practical tool for enterprises to solve the dilemma of innovation development under the current situation. However, the existing researches mainly focus on the theoretical origin, conceptual connotation, governance paradigm and strategic value of meaningful innovation(MI), focusing on the answers to the questions of what is the meaning of innovation and why enterprises should implement meaningful innovation. However, there is a lack of systematic discussion on how innovation subjects make high-quality innovation decisions in a meaningful innovation framework, as well as the cognitive basis on which they rely. Needless to say, no matter for academic research or enterprise practice, the above questions are an important link connecting "to be" and "being" in the framework of meaningful innovation theory and have high research value. For this purpose, this study focuses on two topics: firstly, it discusses the meaning-based enterprise decision making, i.e., how the dimension of innovation meaning is embedded into the traditional "technology and market" paradigm, thus forming a new framework for enterprise innovation decision making. Secondly, the cognitive basis of meaning management is analyzed in the bottom layer of innovation decision making, that is, what kind of thinking mode does the innovation subject rely on to explore and manage the meaning of innovation? Focusing on the two topics, the paper puts forward a systematic catch-up path with meaning leading as the core and makes a preliminary discussion based on the practice of enterprises.

 

Keyword:meaningful innovation; meaning-oriented innovation; innovation decision-making; innovation cognitive basis; innovation-based catch up;

 

Author: Qu Guannan, Wang Luyao, Chen Jin, Guo Bin

Author: School of Economics and Management, Tsinghua University

Technology Innovation Research Center of Tsinghua University

The full text has been published in Science and Science and Technology Management, No. 7, 2021.

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