Open AccessIMPACT OF EXTERNAL TECHNOLOGY ACQUISITION ON THE EFFICIENCY OF ENTERPRISE'S TECHNOLOGICAL INNOVATION
Author(s) -
Juecen Wu
Publication year - 2022
Publication title -
the euraseans : journal on global socio-economic dynamics
Language(s) - English
Resource type - Journals
ISSN - 2539-5645
DOI - 10.35678/2539-5645.1(32).2022.77-84
Subject(s) - prosperity , business , industrial organization , enterprise planning system , knowledge management , process management , computer science , economics , economic growth
Nowadays, the innovation ability has become an important indicator to measure the viability and competitiveness of enterprises. An open innovation is an important strategic component of enterprises’ innovative development. This paper, stemming from the enterprise's external technology acquisition breadth in inbound open innovations, with the extent of industry prosperity as a regulated variable, has selected 255 enterprise from three different manufacturing industry, including medicine, electronics and basic chemical engineering, to study the impact of external technology acquisition on the efficiency of enterprise's technological innovations. The results show that the external technology acquisition has a positive effect on the efficiency of enterprise's technological innovations, and choosing various ways to acquire external technologies more actively is conducive to the improvement in the efficiency of enterprise's technological innovations.