The 14th Learning China – Century Success Forum was held at Jiuhua Spa & Resort in Beijing from Dec 30th, 2013 to Jan 3rd, 2014. The forum was co-sponsored by the China Business Times and Learning China Promotion Association, titled “Dream, Innovation, Amalgamation –the new power in the development of enterprises.” The Forum analyzed examples of successfully operated enterprises in 7 main aspects such as, futureeconomic trends,new opportunities in the innovation sectorin China, innovation in management and the soul of entrepreneurial spirit etc..The forum invited over 60 famous guest speakers in the fields of government, industries, academic and business, along with over 1000 private entrepreneurs, discussing how to achieve the sustained operation and steady growth of Chinese private enterprises. Prof. Liu Baocheng, director of the Center for International Business Ethics (CIBE), was invited to attend the event and made a speech titled “Innovation Based on Value and Responsibility”.
Professor Liu pointed out that we should evaluate innovation first. The evaluation process mainly includes the motivation, the procedure or the method, and the results. For the standard of evaluation, the East’s is the same as the West’s. It can be basically classified as “Do No Harm” Rule.
Professor Liu said that for the consumption of energy andpower, we still lie in a stage of high consumption, low output and low efficiency. China must find new powers in order to change and innovate, that is to say we don’t rely on the factors, but to shift our position from capital-driven and scale to innovation and knowledge. In addition, ddeepening the reform comprehensivelyis a kind of thought to establish a comprehensive systematic innovation plan.
Professor Liu concluded by saying that knowing how to make Chinese global enterprises become truly Global Corporations is currently one of the most important tasks.. We need to promote the innovation system, one that doesnot include technology improvements, but also one that is an establishment of systematic thought in many aspects such as,critical thinking in marketing. in R&D, especially we need to make a index that can be measured systematically, this is our work. Finally we can create our own real core competence. That is to say we combine our existing resources and abilities with our skills, integrate the tangible resources with the intangibles, and unite the soft and hard power together, to form our core competence. This core competence will eventually transform into economic value, or customer value and corporate performance, and then we should catch more social and environment value.
Professor Liu finally stressed that the changes of the final power and the sense of value of innovation in China will still come from the social elite group, and he wished each audience and elite leaders can become valuable lions, and lead the organizations and our country to a stronger, more prosperous and sustainable platform.
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