Auditing the Management of Technological Innovation in Chinese Companies

• Main Authors: CHEN, Jin, GENG, Xuesong
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2004
• Subjects: Technological innovation; managerial audit; benchmarking; Chinese firms; Asian Studies; Business; Strategic Management Policy; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1690; https://doi.org/10.1142/s0219877004000155
• Institution: Singapore Management University

Technological innovation audit can help companies to improve innovation performance by identifying key factors in innovation management and provide the benchmarking guidance. Combining extant audit theories, the paper develops an audit framework that is more comprehensive and more suitable to Chinese firms. Using beta testing method in a medium-size sample of cross-sectional Chinese companies, the authors test the applicability of the operational audit scoreboard in the sample firms. Moreover, the authors identify qualitatively the key advantages and disadvantages in technological innovation in Chinese companies that can differentiate successful and less successful innovation management practice. Three types of innovation management are found in our sample and possible implication for technological innovation development strategy in Chinese firms is proposed.