Papers by Keyword: Innovation Strategy

Abstract: In the context of global climate warming, Chinese petrochemical industry undertakes great pressure and responsibilities of CO₂ emission reduction under the premise of national energy safety. From international experiences, green and low carbon becomes the development trends of petrochemical industry worldwide. The survey on relevant petrochemical enterprises summarizes the motivations, current ways, difficulties, and expected supports from governments in low carbon technology innovation. Based on the survey, the paper argues that technology innovation require integration of energy conservation, emission reduction and industry upgrading for the target of harmonious development of economy, society and environment. The choices of cost leadership, integration innovation, follower innovation, and industrial cluster are suggested when making innovation strategy by Chinese petrochemical industry.

Abstract: Governments and scientists are concerned about the negative impacts of climate change on humanity in the foreseeable future, especially for the city sustainable development. Smart Grid is an important infrastructure service for developing the energy efficiency and low carbon society. The reliability and efficiency of our electrical grid can be enhanced by implementing smart grid technology; however this would require modifications to the current electrical system. The objective of this paper is to find out the innovation strategy for future smart grid by investigate, analyze and evaluate the related technologies and competitive information of different nations and industries. We presented the key information about smart grid development in the world. We also proposed four practical smart grid innovation strategies and innovation model for smart-green city policy making, construction and administration.

Abstract: The objective of product design is to meet some function demand of people and the goal of product innovation is to realize product function innovation. Based on this, the paper proposes a new mode of product function decomposition and a strategy method system facing product function innovation, which contains function conflict solved strategy, function relation established strategy, function removed strategy, function replaced strategy and potential-function inspired strategy. The six strategies can assist designers in product function innovation effectively based on analyzing the interrelationship between each sub-function of the product. Finally, a concrete example of the agricultural miniature rototiller is demonstrated the usage of the six strategies, which illustrates the effectiveness of these innovation strategies.

Abstract: In today’s global market system innovation is the driver for economic development and wealth creation. Developing a competitive advantage now requires a business culture of rapid innovation, collaborative strategies, a systematic methodology, and a culture of concurrent change. This is the reality in today’s innovation economy and particularly relative to developing alternative energy systems and materials. With the ever-increasing requirements for energy in a growing economy and the political, environmental, and resource constraints prevalent in today’s world, new, more efficient energy systems are mandatory. The U.S. has experienced inadequate energy generation capacity in key geographic regions further emphasizing the need to enhance our energy generation capacity through a multitude of energy sources. A viable capacity additive to this supply and demand dilemma is the development of alternative energy sources such as fuel cells, photovoltaics, and wind. To achieve this capacity additive will require significant advancement in key engineering materials combined with innovation stimulants to leap-frog the current performance and cost barriers for competitive energy producing alternatives. The energy demand curve experienced globally over the past few years illustrates unmet market needs where opportunity exists to develop innovative key materials to enable the projected growth for renewable and biomass markets. To accelerate advanced materials to market in the energy arena requires a system of enabling innovation combined with the development of a collaborative approach to optimize available resources. Collaborative partnerships between multiple companies incorporating technology, market/distribution, and financial investors are essential to optimize innovation and successful commercialization of technology. Higher value disruptive innovations meet new market needs while pushing a company to new technology and/or capability requirements. Competitive success for innovative technology increasingly depends on speed to market and speed to profits.

Abstract: The TRIZ theory of technology evolution is introduced and its limitations in new product development is assessed in this paper, Based on the multiple approaches evolution patterns of TRIZ Theory, a decision-making procedure model for new product development is proposed and a sample product is used to demonstrate how to use new model to the real developing procedure of a new product.