Management Review ›› 2024, Vol. 36 ›› Issue (1): 103-106.

• Innovation and Entrepreneurship Management • Previous Articles     Next Articles

Evolutions and Implications of Enterprise Innovation Models over the Past Century

Liu Xielin1,2   

  1. 1. School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100190;
    2. School of Entrepreneurship and Management, Shanghai University of Science and Technology, Shanghai 201210
  • Received:2023-12-19 Online:2024-01-28 Published:2024-03-06

Abstract: The prevailing innovation paradigm of an era is shaped by the concurrent advancement of new technologies and the impetus derived from economic and societal transformations. During the first Industrial Revolution, innovation primarily emanated from inventors. In the second Industrial Revolution, characterized by laboratory-based innovation, this model assumed a more organizational structured form. The third Industrial Revolution heralded the age of open innovation and internet-driven creativity, with Silicon Valley taking the lead. Presently, with the advent of the fourth Industrial Revolution, we are entering the era of internet digital innovation. Throughout history, there have been winners and losers. Only by aligning with the currents of change can an enterprise aspire to endure and evolve into a centennial stalwart.

Key words: industrial revolution, innovation pattern, open innovation, digital innovation