Innovation and Entrepreneurship

Choice and Challenge

Business & Finance, Career Planning & Job Hunting, Entrepreneurship, Entrepreneurship & Small Business, Economics
Cover of the book Innovation and Entrepreneurship by Otto Chui Chau Lin, World Scientific Publishing Company
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Author: Otto Chui Chau Lin ISBN: 9789813146624
Publisher: World Scientific Publishing Company Publication: February 23, 2018
Imprint: WSPC Language: English
Author: Otto Chui Chau Lin
ISBN: 9789813146624
Publisher: World Scientific Publishing Company
Publication: February 23, 2018
Imprint: WSPC
Language: English

This book discusses practical issues of innovation and entrepreneurship. It first outlines the basic factors contributing to economic growth in the knowledge-based economy. Portraying wealth creation as taking scientific research results from lab to market, it identifies two interlinking components of the innovation process: turning scientific research to industrial technology and nurturing an eco-system conducive to technology business. Thus, it clarifies the position and role of four institutional players of the national innovation system: university (U), technology institute (T), government (G) and business (B). Making these players interact synergistically provides a fertile environment for innovation and entrepreneurship. The development of Silicon Valley, Hsinchu, Shenzhen and Singapore are illustrated as examples.

For the technology entrepreneur, having a novel technology or unique product does not guarantee commercial success. It requires an effective business model, ability to execute business plan and entrepreneurial culture, all related to the soft power attributes of the entrepreneur team. The competitiveness of innovation and management of entrepreneurship are analyzed based on the concepts of Laozi and Confucius.

Every entrepreneurship must learn to manage the challenges brought about by the changing business environment. The competitiveness and sustainability of a business is reflected by its ability to manage the change, both in bad and in good times. Every choice it makes will bring about new challenge. This is a definite, continuous and cyclic phenomenon occurring to all types of business. Some case examples of success or failure in managing challenges are given. They include: Alibaba Group, Ardentec IC testing, Cisco Systems, Delta Electronics, Eastman Kodak, Epistar HBLED, Fairchild Semiconductors, General Motors, GIANT carbon fiber bicycles, Tencent Holdings, TSMC, Volkswagen and others.

This book is based on the author's practice and observation in technology and economic development especially in the Asia Pacific region during the post-1990s period. It is intended to be a reference of best practices for entrepreneurs, corporations and countries striving to make its mark in the knowledge-based economy.

Innovation and Entrepreneurship
Caption: Prof Otto Chui Chau Lin hosting Premier Goh Chok Tong of Singapore in ITRI, 1991.
Innovation and Entrepreneurship
Caption: Prof Chui meeting with Premier Zhu Rongie, China. Zhongnanhai, Beijing, March 25, 1993.
Innovation and Entrepreneurship
Caption: Prof Chui at the Congregation at HKUST. Hong Kong, 2000. With Prof. C N Yang (Nobel Laureate, Physics, 1967).
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book discusses practical issues of innovation and entrepreneurship. It first outlines the basic factors contributing to economic growth in the knowledge-based economy. Portraying wealth creation as taking scientific research results from lab to market, it identifies two interlinking components of the innovation process: turning scientific research to industrial technology and nurturing an eco-system conducive to technology business. Thus, it clarifies the position and role of four institutional players of the national innovation system: university (U), technology institute (T), government (G) and business (B). Making these players interact synergistically provides a fertile environment for innovation and entrepreneurship. The development of Silicon Valley, Hsinchu, Shenzhen and Singapore are illustrated as examples.

For the technology entrepreneur, having a novel technology or unique product does not guarantee commercial success. It requires an effective business model, ability to execute business plan and entrepreneurial culture, all related to the soft power attributes of the entrepreneur team. The competitiveness of innovation and management of entrepreneurship are analyzed based on the concepts of Laozi and Confucius.

Every entrepreneurship must learn to manage the challenges brought about by the changing business environment. The competitiveness and sustainability of a business is reflected by its ability to manage the change, both in bad and in good times. Every choice it makes will bring about new challenge. This is a definite, continuous and cyclic phenomenon occurring to all types of business. Some case examples of success or failure in managing challenges are given. They include: Alibaba Group, Ardentec IC testing, Cisco Systems, Delta Electronics, Eastman Kodak, Epistar HBLED, Fairchild Semiconductors, General Motors, GIANT carbon fiber bicycles, Tencent Holdings, TSMC, Volkswagen and others.

This book is based on the author's practice and observation in technology and economic development especially in the Asia Pacific region during the post-1990s period. It is intended to be a reference of best practices for entrepreneurs, corporations and countries striving to make its mark in the knowledge-based economy.

Innovation and Entrepreneurship
Caption: Prof Otto Chui Chau Lin hosting Premier Goh Chok Tong of Singapore in ITRI, 1991.
Innovation and Entrepreneurship
Caption: Prof Chui meeting with Premier Zhu Rongie, China. Zhongnanhai, Beijing, March 25, 1993.
Innovation and Entrepreneurship
Caption: Prof Chui at the Congregation at HKUST. Hong Kong, 2000. With Prof. C N Yang (Nobel Laureate, Physics, 1967).

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