The EIU finds that companies in China view innovation as critical to their success, and have clear opinions on what helps and hinders their progress. Still, China still lags behind the global leaders.
Key findings include:
- Chinese companies fail to draw the wider organisation into the innovation process, relying instead on R&D departments.
- Companies in China would benefit from intensifying their interaction with partners and suppliers to generate new ideas.
- To improve China’s position as an engine of innovation, the country needs highly skilled managers.
- The government has an important role in creating an environment that is conducive to innovation.
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