The Complementary Effect of Service Transition and Product Innovation on the High-quality Development of Manufacturing Enterprises

HUO Chun-hui; LV Meng-xiao; GONG Ying-mei

Volume 36 Issue 1

Apr. 2021

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HUO Chun-hui, LV Meng-xiao, GONG Ying-mei. The Complementary Effect of Service Transition and Product Innovation on the High-quality Development of Manufacturing Enterprises[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(1): 73-84.

Citation:

HUO Chun-hui, LV Meng-xiao, GONG Ying-mei. The Complementary Effect of Service Transition and Product Innovation on the High-quality Development of Manufacturing Enterprises[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(1): 73-84.

Citation:

HUO Chun-hui, LV Meng-xiao, GONG Ying-mei. The Complementary Effect of Service Transition and Product Innovation on the High-quality Development of Manufacturing Enterprises[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(1): 73-84.

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The Complementary Effect of Service Transition and Product Innovation on the High-quality Development of Manufacturing Enterprises

1.
Liaoning University, Shenyang 110000
2.
School of Management and Economics, Kunming University of Science and Technology, Kunming 650000, China

Received Date: 2020-09-19
Available Online: 2021-04-15
Publish Date: 2021-01-28

Abstract

Abstract

Taking A-share manufacturing listed companies from 2013 to 2018 as a sample, this paper, with composition-based view theory, explores the complementary effect of service transition and product innovation on the high-quality development of manufacturing enterprises. It is found that customer-oriented service transition and radical innovation have significant complementary effects on the high-quality development of manufacturing enterprises, while the complementary effect of product-oriented service transition and incremental innovation on the high-quality development of manufacturing enterprises is not significant. From the dynamic perspective of enterprise growth, it is found that the implementation of customer-oriented service transition and radical innovation in manufacturing enterprises in their growth, maturity and recession can drive the high-quality development of enterprises; in the phase of elimination manufacturing enterprises to implement the product-oriented service transition and incremental innovation of the compound strategy is more conducive to improving the quality of enterprise development. The findings of this study have implications for solving the strategic choices of service transition and product innovation in manufacturing enterprises and driving enterprises to realize high-quality development.
- service transition,
- product innovation,
- manufacturing enterprise,
- high-quality development,
- complementary effect,
- corporate strategy

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References(34)

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