Innovation Articles

By Yuanzhi Chen

Value Chain Management Based on Open


Mr. Chen is a professor at the Department of Economics and Management at the China Executive Leadership Academy. The author encourages China to acknowledge the world’s transition from industrial product-based to open innovation service oriented economies. Chen reports that this transition does not undermine the corporation’s structure. Chen describes the working relationship between development theory, real option theory, and open innovation in one functional framework. The author examines the effects of this collaboration.