Accelerated Innovation: The New Challenge From China Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Chinese companies have transformed the innovation process and R&D dramatically that ultimately have streamlined the process of innovation and product development and have created an intense competition in the international markets by producing the goods with low cost. However, this dimension may not bring innovative achievements, but it allows the Chinese competitors to expedite the process of innovative product development. Chinese manufacturers have capitalized the competitive advantage of high population. Among the other companies, the Guangzhou Pearl River Piano Group Co. Ltd. and Lenovo Group Ltd. and some key internet firms like Tencent Inc., are introducing new approaches to forward move the innovation process in industries. They have adopted the concurrent engineering, utilizing fast “launch-test-improve” cycles and integrating vertical chain of the command with horizontal flexibility. For instance, In 2005, the average product development life cycle of Lenovo’s new product was 12 to 18 months, when it acquired the business of IBM’s personal computers. After that Lenovo reduced the cycle to half. The authors, Eden Yin and Peter J. Williamson, admitted that the increasing innovation and several other procedures that Chinese companies have utilized are not unique for it. But the major point was how they learned to expedite the innovation process in different industries, utilizing quick expansion, reduced cost and average quality. Regardless of the possibility that the results produced are desired or not, but the innovation process would have a prominent impact on the bottom line of incumbents. The article provides three approaches for the non-Chinese companies wrestle with this competition. The first approach is to redesign the existing innovation process of the company that based on the principles started in China. The second approach is to commit their R&D departments to enhance the concentration on time-sensitive projects by recruiting the regional professionals. While the third is to promote and support the innovation process by building partnerships with key Chinese players that have marked the innovation growth.