Research on Influencing Factors of Radical Technology Innovation-Based on Structural Equation Model

Abstract

This paper defines the concept and connotation of radical innovation, and discusses the theoretical and practical significance of radical innovation. This paper analyzes the types and characteristics of radical innovation, and expounds the process and management mode of radical innovation. Based on the hypothesis of the relationship between the radical factor and the innovation performance, the hypothesis model of the relationship between the two is constructed, and the model and the correlation hypothesis are tested by using the structural equation model combined with the empirical data. The results show that the innovative culture, management flexibility, industrial cluster scale, innovation culture and the degree of internal fusion have a significant positive impact on the radical innovation. The conclusions of the study may provide reference and inspiration for enterprises to effectively implement improve radical innovation performance.