Development strategies of high-tech enterprises in response to the new economic reform in China

This research aims at studying strategic imperatives of high-tech enterprises amid the new policy change of economic reform in China. In particular, high-tech firms operating at different levels of technology will face different pressure to change, as technology posts the central spot in highly intensive competition. An analytical model of industrial innovation resource is devised in this study to evaluate high-tech firms at different levels of technology including decline, cognitive, coordinative and cooperative technology, for providing the firm-level development strategies. The results reveal that the investment in cognitive technology will experience the greatest challenge due to the considerable resource demand of capital, labour or land, whereas, high-tech enterprises intends to develop cooperative and coordinative technologies to gain product leadership requires to work close with their counterparts in China to gain speed and cost advantages.