Empirical Research on the Factors to Impact Innovation Speed for Industrial Enterprises in China

Today more than ever before, enterprises in China must speed innovation if they are to successfully confront the disruptive effects of emerging technologies, empowered customers, new market entrants, shorter product life cycles, and market globalization. Indeed, the innovation speed is the only means by which enterprises can sustain a competitive advantage. In order to accelerate the innovation speed of enterprises in China, first of all, we need to understand and explore the influence factors of the innovation speed. This paper base on the literature research, and earlier research results gotten by RCID (the research center for innovation and development, Zhejiang University), we chose 20 essential factors that most possibly affects the innovation speed to conduct Empirical studies. Through to analyze 154 questionnaires answered by Chinese industrial enterprise's technical center, our conclusions are: Accepts the hypothesis 2, the hypothesis 3, the hypothesis 5, the hypothesis 8, the hypothesis 9, the hypothesis 10, the hypothesis 11, the hypothesis 12, the hypothesis 14, the hypothesis 15, the hypothesis 16, the hypothesis 17, the hypothesis 18, the hypothesis 19 and the hypothesis 20; Refuses the hypothesis 1, the hypothesis 4, the hypothesis 6, the hypothesis 7 and the hypothesis 13