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Chinese Journal of Management Science ›› 2009, Vol. 17 ›› Issue (6): 170-176.

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The Choice of Technological Innovation Strategy From Slack Visual Angle(Based on the Real Options Model)

ZHANG Hong-bo1, WANG Guo-shun2   

  1. 1. Hunan University of Science and Technology, Xiangtan 411201, China;
    2. Business School of Central South University, Changsha 410083, China
  • Received:2009-02-06 Revised:2009-10-03 Online:2009-12-30 Published:2009-12-30

Abstract: Organizational resource is importont for enterprises'innovation.This paper analyzes the relationship between slack resources and technological innovation strategy through building mathematic model and real options approach.The results show, the slack resources that are explored and employed reach to a critical point, where it can promote to choice the independent innovation strategy based on R &D;and it is important to identify, explore and employ slack resources correctly for strengthening the organizational independent innovation capability and raiseing its performance when it is more and more difficult for technological innovation strategy based on technological introduction.

Key words: resources slack, real options, independent innovation, technological introduction

CLC Number: